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Sales price is $223,670. Documentary stamp taxes on the deed are $1,565.69.
Intangible taxes are due on assumed mortgages.
Linda purchases property located in Escambia County from Susan. Linda gives Susan $30,000 as a down payment and Susan takes back a note and mortgage from Linda in the amount of $150,000. What are the documentary stamp taxes on the deed?
Carla purchases property located in Columbia County from Larry. Carla gives Larry $30,000 as a down payment and Larry takes back a note and mortgage from Carla in the amount of $150,000. What are the taxes on the financing?