Who Pays Transfer Taxes at Closing in Florida?

In Florida, the transfer tax is paid by the buyer at closing. The transfer tax rate is a flat 0.70%. For example, if the sale price of your land is $200,000, the buyer would pay a transfer tax of $1,400. However, in Miami-Dade County, the transfer tax rate is lower for single-family residences at 0.60%. For a $200,000 property in Miami-Dade County, the transfer tax would be $1,200.

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