Don’t Pay Unnecessary Documentary Stamp and Intangible Taxes – Berger Singerman Law Blog

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Don’t Pay Unnecessary Documentary Stamp and Intangible Taxes – berger singerman law blog Now, of course, that’s not entirely true – a lot of good information was conveyed and I did learn things I didn’t know before. However, it did leave me keenly aware that Florida’s documentary stamp tax and intangibles tax are confusing even to the experts who study them closely.

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Documentary stamp taxes on notes or other promises to pay are payable at the rate of $.35 for every $100 (or fraction) of indebtedness secured by a mortgage on Florida real property. Non-recurring intangible personal property taxes are payable at the rate of $.002 times the amount of the indebtedness secured by a mortgage on Florida real.

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Don’t Pay Unnecessary Documentary Stamp and Intangible Taxes. April 2, the imposition of documentary stamp and non-recurring intangible personal property taxes on Florida real estate loan transactions is one way that the State provides for additional revenue.. berger singerman offices.

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Part of the reason was that Abby was.FHA Streamline Benefits, Rates – Don’t Pay Unnecessary Documentary Stamp and Intangible Taxes – berger singerman law blog property tax – Instead of a tax rate of $25 per $1,000 of assessed value (25 mills), the law declared leasehold interests in public property to be taxable by the State as.