Documentary Stamp Tax (Florida)
Florida taxes promissory notes secured by mortgages at $0.35 per $100 of loan amount (Fla. Stat. §201.08), plus a nonrecurring intangible tax of 0.2% on the mortgage (§199.133). Together they add roughly 0.55% to Florida commercial mortgage closing costs — about $27,500 on a $5 million loan.
Unlike New York's mortgage recording tax, Florida offers no CEMA-style workaround for refinances; the taxes generally apply to the full new loan amount each time.
Deeds are taxed separately at $0.70 per $100 of consideration in most counties, which affects acquisitions rather than the financing itself.