Tampa is located in Hillsborough County, Florida. Florida's Documentary Stamp Tax applies to all real estate transfers at $0.70 per $100 of consideration (0.70%). The tax is collected by Hillsborough County at the time of deed recording. There is a minimum tax of $0.70. Neither Tampa nor Hillsborough County imposes an additional local transfer tax beyond the state rate.
In Tampa and throughout most of 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 Tampa 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.