State laws divide the costs of a real estate purchase and sale transaction in Florida as follows: all pre-sale costs, including real estate taxes and property sales, utility and loan debts, and the cost of the cadastral extract, are paid by the seller.
The buyer, in turn, pays for all post-sale costs: legal registration of the transaction, loan registration, plus a fee for recording in the county documents. If a non-resident of the country purchases real estate in Florida for cash, the cost of registration of the transaction will be about $ 500 (depending on the type of property and the time of year).
Real Estate Tax
There are no additional real estate taxes in Florida for non-residents, but there is a special real estate tax that applies to all owners, and it must be paid regularly.
This type of tax is levied once a year – in November. The amount is published on the official website of the county tax service. On average, the tax amount is 2% of the cadastral value of the property.