The lesser-known tax on Florida mortgages: $2 per $1,000 borrowed, due at recording.
The tax is due whenever a mortgage, deed of trust, or other lien on Florida real property is recorded — purchases and refinances alike (a refinance with the same lender may qualify for credit on the previously taxed balance; the closing agent calculates it). It is 'nonrecurring': paid once at recording, not annually.
A financed Florida purchase pays two loan-side taxes at closing: note documentary stamps at $0.35 per $100 of the loan, and intangible tax at $2 per $1,000. On a $320,000 mortgage that is $1,120 + $640 = $1,760 — a Florida-specific cost many relocating buyers have never seen in their prior state.
By custom the borrower (buyer) pays both loan taxes, since they arise from the buyer's financing. They appear on the buyer's side of the closing disclosure, alongside lender fees.
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