Florida intangible tax calculator

The answer up front: Florida charges a one-time nonrecurring intangible tax of 2 mills — $2 per $1,000 — on the amount of any mortgage recorded against Florida real property (Fla. Stat. §199.133). On a $300,000 loan that's $600.00, and the same recording also owes $1,050.00 in mortgage documentary stamps (§201.08) — $1,650.00 together.

How the two mortgage taxes differ

• Intangible tax (§199.133): 2 mills on the exact amount secured — no rounding step. Cash buyers never owe it; there's no mortgage to record.
• Mortgage doc stamps (§201.08): 35 cents per $100 of the note, with the amount rounded UP to the next $100 first — the same statutory rounding as deed stamps.

Buying rather than refinancing? The deed side has its own transfer-tax calculator, the clerk's per-page charge is in the recording fee calculator, and the closing cost worksheet composes all of it.

Rates from the cited statutes; the closing agent's figures control. Informational only — not tax advice.

Quick answers

What is the Florida intangible tax on a mortgage?

A one-time (nonrecurring) state tax of 2 mills — $2 per $1,000 — on the amount of a mortgage recorded against Florida real property (Fla. Stat. §199.133). A $300,000 mortgage owes $600, due when the mortgage records.

Who pays the intangible tax?

Customarily the borrower — it's part of the buyer's or refinancer's closing costs, collected by the closing agent and remitted with the recording.

Is the intangible tax the same as mortgage doc stamps?

No — they stack. The same recorded mortgage also owes documentary stamp tax on the note at 35 cents per $100 (§201.08). Together they run $5.50 per $1,000 borrowed — $1,650 on a $300,000 loan.

Does a refinance owe the intangible tax again?

Generally a newly recorded mortgage owes the tax on the amount it secures; some modifications and transfers are treated differently. The closing agent computes the exact figure for your file — treat this page as the planning number.