The State of Florida imposes a documentary stamp tax of seventy (70) cents per one hundred ($100) dollars of consideration. Consideration includes mortgage obligations or other liens. In 2018, a new Florida Homestead exemption went into effect that eliminated the documentary tax expense, associated with the recording of a deed, that transferred title to real property from the name of a formerly single individual into joint names with their spouse. The exemption only applied if the deed or other instrument was recorded within one (1) year after the date of marriage.
Effective July 1,2019, the exemption has been expanded by new legislation signed into law by Governor DeSantis. The new exemption eliminates the one (1) requirement for the avoidance of the documentary stamp tax exemption for the conveyance of homestead property between spouses.
