Florida has no state income tax, so you won't owe state taxes on your home sale profit. However, you may owe federal capital gains tax if your profit exceeds $250,000 (single) or $500,000 (married). Florida also charges documentary stamp tax of $0.70 per $100 of the sale price at closing.
Federal Capital Gains Tax
If you've lived in your home as your primary residence for at least 2 of the last 5 years, you qualify for the Section 121 exclusion: $250,000 for single filers, $500,000 for married couples filing jointly. Profits above these thresholds are taxed at federal capital gains rates (0%, 15%, or 20% depending on income). For most Florida homeowners, their entire profit is tax-free under this exclusion.
Florida Documentary Stamp Tax
Florida charges doc stamps of $0.70 per $100 of the sale price (except Miami-Dade County, which charges $0.60). On a $300,000 sale, that's $2,100. The seller traditionally pays this tax in Florida. When you sell to FL Home Buyers, we pay all closing costs including documentary stamps — you keep your full offer amount.
FIRPTA: Non-Resident Sellers
If you're not a U.S. resident or citizen, the Foreign Investment in Real Property Tax Act (FIRPTA) requires the buyer to withhold 15% of the sale price for the IRS. This applies to foreign nationals selling Florida property. Cash buyers are experienced with FIRPTA withholding and can handle the additional paperwork.
Investment Property vs. Primary Residence
Investment properties don't qualify for the Section 121 exclusion. All profit is subject to federal capital gains tax, plus a 3.8% net investment income tax if your income exceeds certain thresholds. A 1031 exchange can defer these taxes by reinvesting in another investment property, but strict deadlines apply (45 days to identify, 180 days to close). Consult a CPA for your specific situation.
Source: Florida Realtors®, ATTOM Data, Houzeo, Citizens Florida · Data as of February 2026
Florida sellers pay an average of 3.28% of sale price (excluding commissions) in closing costs — or 7–8% including agent commissions. The average total commission is 5.59% on average (typically split 2.81% for the listing agent and 2.78% for the buyer's agent). Since August 2024, sellers no longer must pay buyer agent commission — it's negotiable. Documentary stamps are $0.70 per
Source: Florida Realtors®, ATTOM Data, Houzeo, Citizens Florida · Data as of February 2026
Florida sellers pay an average of 3.28% of sale price (excluding commissions) in closing costs — or 7–8% including agent commissions. The average total commission is 5.59% on average (typically split 2.81% for the listing agent and 2.78% for the buyer's agent). Since August 2024, sellers no longer must pay buyer agent commission — it's negotiable. Documentary stamps are $0.70 per $100 of sale price ($0.60 per $100 in Miami-Dade County, plus a $0.45 surtax for non-single-family properties). Title insurance rates are state-regulated: $5.75 per $1,000 for the first $100K, then $5.00 per $1,000 up to $1M.
📊 2026 Florida ClosingCosts Data
Capital Gains Exclusion (Single)$250,000 exclusion for single filers (2+ years primary residence)
Capital Gains Exclusion (Married)$500,000 exclusion for married filing jointly
Doc Stamps$0.70 per $100 (statewide, $0.60 in Miami-Dade)
No State Income TaxFlorida has NO state income tax
Homestead Exemptionup to $50,000 property tax exemption
Source: Florida Realtors®, ATTOM Data, Houzeo, Citizens Florida · Data as of February 2026
Florida sellers pay an average of 3.28% of sale price (excluding commissions) in closing costs — or 7–8% including agent commissions. The average total commission is 5.59% on average (typically split 2.81% for the listing agent and 2.78% for the buyer's agent). Since August 2024, sellers no longer must pay buyer agent commission — it's negotiable. Documentary stamps are $0.70 per $100 of sale price ($0.60 per $100 in Miami-Dade County, plus a $0.45 surtax for non-single-family properties). Title insurance rates are state-regulated: $5.75 per $1,000 for the first $100K, then $5.00 per $1,000 up to $1M.
📊 2026 Florida ClosingCosts Data
Capital Gains Exclusion (Single)$250,000 exclusion for single filers (2+ years primary residence)
Capital Gains Exclusion (Married)$500,000 exclusion for married filing jointly
Doc Stamps$0.70 per $100 (statewide, $0.60 in Miami-Dade)
No State Income TaxFlorida has NO state income tax
Homestead Exemptionup to $50,000 property tax exemption
00 in Miami-Dade County, plus a $0.45 surtax for non-single-family properties). Title insurance rates are state-regulated: $5.75 per
Source: Florida Realtors®, ATTOM Data, Houzeo, Citizens Florida · Data as of February 2026
Florida sellers pay an average of 3.28% of sale price (excluding commissions) in closing costs — or 7–8% including agent commissions. The average total commission is 5.59% on average (typically split 2.81% for the listing agent and 2.78% for the buyer's agent). Since August 2024, sellers no longer must pay buyer agent commission — it's negotiable. Documentary stamps are $0.70 per $100 of sale price ($0.60 per $100 in Miami-Dade County, plus a $0.45 surtax for non-single-family properties). Title insurance rates are state-regulated: $5.75 per $1,000 for the first $100K, then $5.00 per $1,000 up to $1M.
📊 2026 Florida ClosingCosts Data
Capital Gains Exclusion (Single)$250,000 exclusion for single filers (2+ years primary residence)
Capital Gains Exclusion (Married)$500,000 exclusion for married filing jointly
Doc Stamps$0.70 per $100 (statewide, $0.60 in Miami-Dade)
No State Income TaxFlorida has NO state income tax
Homestead Exemptionup to $50,000 property tax exemption
Source: Florida Realtors®, ATTOM Data, Houzeo, Citizens Florida · Data as of February 2026
Florida sellers pay an average of 3.28% of sale price (excluding commissions) in closing costs — or 7–8% including agent commissions. The average total commission is 5.59% on average (typically split 2.81% for the listing agent and 2.78% for the buyer's agent). Since August 2024, sellers no longer must pay buyer agent commission — it's negotiable. Documentary stamps are $0.70 per $100 of sale price ($0.60 per $100 in Miami-Dade County, plus a $0.45 surtax for non-single-family properties). Title insurance rates are state-regulated: $5.75 per $1,000 for the first $100K, then $5.00 per $1,000 up to $1M.
📊 2026 Florida ClosingCosts Data
Capital Gains Exclusion (Single)$250,000 exclusion for single filers (2+ years primary residence)
Capital Gains Exclusion (Married)$500,000 exclusion for married filing jointly
Doc Stamps$0.70 per $100 (statewide, $0.60 in Miami-Dade)
No State Income TaxFlorida has NO state income tax
Homestead Exemptionup to $50,000 property tax exemption
Source: Florida Realtors®, ATTOM Data, Houzeo, Citizens Florida · Data as of February 2026
Florida sellers pay an average of 3.28% of sale price (excluding commissions) in closing costs — or 7–8% including agent commissions. The average total commission is 5.59% on average (typically split 2.81% for the listing agent and 2.78% for the buyer's agent). Since August 2024, sellers no longer must pay buyer agent commission — it's negotiable. Documentary stamps are $0.70 per $100 of sale price ($0.60 per $100 in Miami-Dade County, plus a $0.45 surtax for non-single-family properties). Title insurance rates are state-regulated: $5.75 per $1,000 for the first $100K, then $5.00 per $1,000 up to $1M.
📊 2026 Florida ClosingCosts Data
Capital Gains Exclusion (Single)$250,000 exclusion for single filers (2+ years primary residence)
Capital Gains Exclusion (Married)$500,000 exclusion for married filing jointly
Doc Stamps$0.70 per $100 (statewide, $0.60 in Miami-Dade)
No State Income TaxFlorida has NO state income tax
Homestead Exemptionup to $50,000 property tax exemption
Source: Florida Realtors®, ATTOM Data, Houzeo, Citizens Florida · Data as of February 2026
Florida sellers pay an average of 3.28% of sale price (excluding commissions) in closing costs — or 7–8% including agent commissions. The average total commission is 5.59% on average (typically split 2.81% for the listing agent and 2.78% for the buyer's agent). Since August 2024, sellers no longer must pay buyer agent commission — it's negotiable. Documentary stamps are $0.70 per $100 of sale price ($0.60 per $100 in Miami-Dade County, plus a $0.45 surtax for non-single-family properties). Title insurance rates are state-regulated: $5.75 per $1,000 for the first $100K, then $5.00 per $1,000 up to $1M.
📊 2026 Florida ClosingCosts Data
Capital Gains Exclusion (Single)$250,000 exclusion for single filers (2+ years primary residence)
Capital Gains Exclusion (Married)$500,000 exclusion for married filing jointly
Doc Stamps$0.70 per $100 (statewide, $0.60 in Miami-Dade)
No State Income TaxFlorida has NO state income tax
Homestead Exemptionup to $50,000 property tax exemption
M.
📊 2026 Florida ClosingCosts Data
Capital Gains Exclusion (Single)
Capital Gains Exclusion (Married)$500,000 exclusion for married filing jointly
Source: Florida Realtors®, ATTOM Data, Houzeo, Citizens Florida · Data as of February 2026
Florida sellers pay an average of 3.28% of sale price (excluding commissions) in closing costs — or 7–8% including agent commissions. The average total commission is 5.59% on average (typically split 2.81% for the listing agent and 2.78% for the buyer's agent). Since August 2024, sellers no longer must pay buyer agent commission — it's negotiable. Documentary stamps are $0.70 per $100 of sale price ($0.60 per $100 in Miami-Dade County, plus a $0.45 surtax for non-single-family properties). Title insurance rates are state-regulated: $5.75 per $1,000 for the first $100K, then $5.00 per $1,000 up to $1M.
📊 2026 Florida ClosingCosts Data
Capital Gains Exclusion (Single)$250,000 exclusion for single filers (2+ years primary residence)
Capital Gains Exclusion (Married)$500,000 exclusion for married filing jointly
Doc Stamps$0.70 per $100 (statewide, $0.60 in Miami-Dade)
No State Income TaxFlorida has NO state income tax
Homestead Exemptionup to $50,000 property tax exemption
00 (statewide, $0.60 in Miami-Dade)
No State Income TaxFlorida has NO state income tax
Homestead Exemptionup to $50,000 property tax exemption
