why is there a tax on mortgages in florida?

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Documentary Stamp Tax – Florida Dept. of Revenue

The most common examples are: Documents that transfer an interest in Florida real property, such as deeds; and; Mortgages and written obligations to pay money, …

Florida’s Documentary Stamp Tax: A Quick Overview and How To …

2 Mar 2015 The so-called “intangible tax”, which is calculated at a rate of $0.20 per $100 of the value of the mortgage, is paid to that same county …

Documentary Stamp Tax

Documentary stamp tax is due on a mortgage, lien, or other evidence of indebtedness filed or recorded in Florida. The tax rate is $.35 per $100 (or portion …

Florida Documentary Stamp Tax and Nonrecurring Intangible Tax

4 Mar 2020 A lender that either: (i) finances a loan in the state of Florida, whether or not the loan is secured by Florida real property; …

nonrecurring_intangible_tax – Florida Dept. of Revenue

Chapter 199, Florida Statutes (F.S.), imposes nonrecurring intangible tax on obligations to pay money to the extent the obligation is secured by a mortgage …

The 2021 Florida Statutes

The 2021 Florida Statutes … 501.137 Mortgage lenders; tax and insurance payments from escrow accounts; duties.—. (1) Every lender of money, …

Fees / Calculation Guide | Citrus County Clerk of Courts, FL

Documentary Stamp Tax & Intangible tax for Mortgages … Documentary Stamp Tax at $.35 per $100, rounded up, based on the amount financed. Example: $40,051 rounds …

The 2021 Florida Statutes

There shall be levied, collected, and paid the taxes specified in this chapter, … With respect to mortgages or trust deeds which do not incorporate the …

Tax Increment Financing In Florida | City of Tampa

12 Aug 2021 Tax Increment Financing (often referred to as “TIF”) is a method to pay for redevelopment of a slum or blighted area through the increased …

How Florida Borrowers Can Reduce Mortgage Taxes

30 Sept 2021 Many borrowers who refinance mortgage loans encumbering Florida property request that the new lender accept an assignment of the existing loan …

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