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Title insurance premium, documentary stamp tax, homestead portability, and property tax proration, calculated the way Florida sets them. Free, instant, and built for buyers and sellers in Broward, Miami-Dade, and Palm Beach counties by The DeMarco Real Estate Group at RE/MAX 5 Star Realty.
Title insurance premium, documentary stamp tax, homestead portability, and property tax proration, each calculated the way Florida sets them. Free, no sign-up. For the whole picture on a sale, use the seller closing cost calculator.
Florida title insurance premiums are promulgated by the state, so the owner's policy costs the same at every title company. Rates: $5.75 per $1,000 up to $100,000; $5.00 per $1,000 from $100,000 to $1 million; $2.50 per $1,000 from $1 million to $5 million; $2.25 per $1,000 from $5 million to $10 million; $2.00 per $1,000 above $10 million. A lender's policy issued at the same time as the owner's policy costs $25.
On the deed: $0.70 per $100 of the price statewide, customarily paid by the seller. In Miami-Dade County: $0.60 per $100, plus a $0.45 per $100 surtax on property other than a single-family residence. On a new mortgage: $0.35 per $100 of the loan amount plus intangible tax of $0.002 per dollar, customarily paid by the buyer.
Save Our Homes caps how fast a Florida homestead's assessed value can rise, and portability lets you carry that accumulated cap, up to $500,000, to your next Florida homestead. Moving to a home with a higher market value carries the full difference; moving to a home with a lower market value carries a proportional share. You must apply with the county property appraiser, and the new homestead must be established within three years of leaving the old one.
Florida property taxes are paid in arrears, in November for the calendar year. At a closing before the bill is paid, the seller credits the buyer for the seller's share, January 1 through the day before closing, and the buyer pays the full bill in November. If the seller already paid the year's bill, the buyer reimburses the seller for the days after closing. The proration uses the seller's current bill; the buyer's own taxes reset the following year, estimated below.
Do not assume your taxes will match the seller's. Under Florida law a sale resets the assessed value to full market value the year after closing, so the seller's capped bill disappears. The Broward County Property Appraiser estimates a buyer's taxes the same way this tool does: market value based on the purchase price, less exemptions, times the millage for the city, plus the non-ad valorem fees on the bill. Portability from a previous Florida homestead lowers the assessed value.
Homestead exemption: $25,000 on all taxes plus a second $25,000 on non-school taxes for value above $50,000; the tool applies $50,000 with the school portion approximated. Broward city millage rates run from roughly 17 to 24 mills; check the exact rate for the city at bcpa.net. The year of purchase you pay the seller's bill; the reset shows on the following year's bill.
Estimates based on Florida statutes and promulgated rates as of 2026; local custom and contract terms control who pays, and county property appraisers and title companies provide final figures. Not legal, tax, or accounting advice. Provided by The DeMarco Real Estate Group at RE/MAX 5 Star Realty, 1901 Harrison Street, Hollywood, FL 33020, (954) 453-1000.
No. Under Florida law a change of ownership resets the assessed value to full market value the year after the sale, so the seller's Save Our Homes cap and exemptions do not carry over. The Broward County Property Appraiser estimates a buyer's taxes as market value based on the purchase price, less the buyer's own exemptions and any portability, times the city's millage rate, plus non-ad valorem fees. A home bought for $1.5 million in a 19.5-mill city with homestead is roughly $28,900 a year before fees, regardless of what the seller paid.
Florida title insurance premiums are promulgated by the state: $5.75 per $1,000 up to $100,000, $5.00 per $1,000 from $100,000 to $1 million, $2.50 per $1,000 from $1 million to $5 million, $2.25 per $1,000 from $5 million to $10 million, and $2.00 per $1,000 above $10 million. On a $1.5 million purchase the owner's policy is $6,325. A lender's policy issued at the same time is $25.
$0.70 per $100 of the sale price in every county except Miami-Dade, where it is $0.60 per $100 plus a $0.45 per $100 surtax on property other than a single-family residence. The seller customarily pays it. A new mortgage carries $0.35 per $100 in documentary stamps plus intangible tax of $0.002 per dollar, customarily paid by the buyer.
Portability lets you transfer the Save Our Homes benefit, the difference between your previous homestead's market value and its assessed value, up to $500,000, to a new Florida homestead. Moving to a higher-value home carries the full difference; moving to a lower-value home carries a proportional share. You must establish the new homestead within three years and file Form DR-501T with the county property appraiser by March 1.
Florida taxes are paid in arrears in November. At a closing before the bill is paid, the seller credits the buyer for January 1 through the day before closing, and the buyer pays the full bill in November. If the seller has already paid, the buyer reimburses the seller for the days after closing. The proration uses the actual number of days in the year.
By custom the seller pays the deed documentary stamps and the brokerage commission everywhere. The owner's title policy is paid by the buyer in Broward and Miami-Dade and by the seller in Palm Beach and most other Florida counties. Every item is negotiable in the contract.
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