Title Insurance and Stamp Tax - Florida

This calculator estimates the cost of the Owner’s Title Insurance, Stamp Taxes, and Intangible Tax* during the home buying process in Florida.

Owner’s Title Insurance: An owner’s title insurance policy helps protect you if someone sues you for a claim against your home from before you purchased it. As an example, lawsuits could arise from a previous owner’s failure to pay taxes or from contractors who were not made whole for work they performed before your home was sold to you.

Documentary Stamp Taxes: Florida levies a one-time stamp tax on both the transfer of real property interest (i.e. deed transfer) and establishment of a new mortgage. The seller typically pays the Deed Stamp Tax while the buyer typically pays the Mortgage Stamp Tax.

Intangible Tax: Florida levies a one-time tax on the establishment of a new mortgage. The Intangible Mortgage Tax is typically paid by the buyer.

* Disclaimers:

These calculations are educational in nature and for estimation purposes only. Park 65 Lending is not a title company. Please do not use these numbers to make decisions without consulting your loan officer This does not constitute an offer or approval of credit. Contact a Park 65 Lending loan officer with any questions.

https://floridarevenue.com/Forms_library/current/gt800014.pdf

https://floridarevenue.com/taxes/taxesfees/Pages/nonrecurring_intangible_tax.aspx#:~:text=The%20nonrecurring%20intangible%20tax%20rate,Florida%20real%20property%20by%200.002.