If you're selling a residential property in Florida, there are a few key taxes and costs you need to be aware of — particularly documentary stamp taxes, which represent the main seller-side tax. Here’s a clear breakdown:
What is it?
A state transfer tax applied when the deed is recorded to transfer ownership.
Who pays it?
Typically the seller (unless otherwise negotiated in the contract).
Rate:
$0.70 per $100 of the sales price (rounded up)
Miami-Dade County exception:
$0.60 per $100 if the property is a single-family home or condo
An additional surtax of $0.45 per $100 applies for non-residential or multifamily properties
What is it?
Tax on the profit from the sale of your property (difference between selling price and your adjusted basis).
Exemptions:
If the property was your primary residence for 2 out of the last 5 years, you may exclude:
Up to $250,000 of gain (individual)
Up to $500,000 (married couple filing jointly)
Foreign sellers: May also be subject to FIRPTA (see below).
What is it?
The Foreign Investment in Real Property Tax Act requires that 15% of the sales price be withheld at closing if the seller is not a U.S. resident.
Note:
This is a withholding, not a tax itself — the seller may file a return to claim a refund if actual tax owed is less.
Real estate agent commissions (typically 5–6% of sales price, split between buyer and seller agents)
Title search and closing fees (sometimes shared, but often seller pays title policy in counties like Miami-Dade and Broward)
Property repairs or credits agreed to in the negotiation
HOA estoppel fees (if applicable)
| Cost / Tax | Applies to Seller? | Notes |
|---|---|---|
| Documentary Stamp Tax on Deed | ✅ Yes | ~$0.70 per $100 (or $0.60 in Miami-Dade) |
| Capital Gains Tax (Federal) | ✅ Yes | May be excluded if primary residence |
| FIRPTA Withholding (Foreign only) | ✅ Yes | 15% withheld at closing |
| Agent Commissions | ✅ Yes | Negotiable, typically 5–6% total |
| Title & Closing Fees | ✅ Often | Varies by county and contract |
Broker Associate | Realtor® based in Miami, FL
With over 20 years of real estate experience, Antonio Aguirre is a trusted expert helping buyers, sellers, and investors—both local and international—make smart, strategic decisions in one of the most competitive markets in the U.S.
Antonio’s career began by opening offices, recruiting, training, and mentoring agents across the U.S. and Latin America. His leadership and consistent results have earned him multiple industry recognitions, and his global perspective allows him to understand and meet the diverse needs of his clients.
Today, Antonio leads a multidisciplinary team committed to delivering comprehensive, transparent, and personalized service. Whether you’re investing in pre-construction, exploring private equity opportunities, or looking for existing properties, Antonio has the knowledge, network, and resources to help you secure the best possible deal.
A true Miamian at heart, Antonio is passionate about watersports and gastronomy—qualities that reflect his energetic, detailed, and client-centered approach to real estate.
📞 Schedule a private consultation: +1-786-309-1965
🌐 Work with someone who understands your vision—and knows how to make it happen.
What is FIRPTA and how does it affect me, as a Mexican Citizen, when I sell?
FIRPTA stands for the Foreign Investment in Real Property Tax Act, and it's a U.S. federal law that directly affects foreign sellers of real estate — including Mexican citizens. Here’s how it works and how it may impact you when you sell your property in Miami:
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