Miami is located in Miami-Dade County, Florida. Miami-Dade County applies a documentary stamp tax of $0.60 per $100 of consideration (0.60%) on deeds transferring real property — a lower rate than most other Florida counties due to the county's separate surtax structure. The tax is collected at the time of deed recording. The minimum tax is $0.60. Neither the City of Miami nor Miami-Dade County imposes an additional local transfer tax beyond the state rate.
In Miami and throughout Florida, the documentary stamp tax is customarily paid by the seller at closing. This is negotiable, and the purchase agreement may assign the obligation to the buyer or split the cost between both parties. Buyers and sellers should confirm payment responsibilities with their closing agent or real estate attorney.
Certain Miami real estate transactions may be exempt from the Florida Documentary Stamp Tax. Common exemptions include transfers between spouses, transfers to qualifying governmental entities, gifts with no monetary consideration, and certain qualifying nonprofit transfers. Consult a Florida real estate attorney or title company to determine whether your transaction qualifies for an exemption.