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Higher limitations apply if you’re deducting mortgage interest from indebtedness incurred on or before December 15, 2017. Also, you can no longer deduct interest on a home equity loan. See chapter 24. You can no longer deduct a personal casualty or theft loss unless the loss is from a federally declared disaster. See chapter 26.
If there is no financing involved, then the documentary stamp tax will be calculated based upon the sales price of the property itself at a rate of $0.70 per $100 of value. The only county in Florida with a different schedule is free-thinking Miami Dade County where the rate is $0.60 per $100 of value when the property is a single family residence.
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About – Associates Home Loan of Florida, Inc. Home mortgages are available. months include the Dominion Mortgage Funding Corp. office on Lee Road, Anchor Mortgage Corporation of Florida on Maitland Avenue (not to be confused with Anchor.
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The tax in most Florida counties is $0.70 for every $100 of the home’s purchase price, which is also known as the deed’s consideration. In Miami-Dade, that rate drops to $0.60 per $100. For example, if you purchase a home through most of Florida for $250,000, the documentary tax stamp rates will be $1750.