Selling a Home in Miami, Florida
Miami sits in Miami-Dade County. Florida sellers pay a layered transfer tax — state, county, and (in some municipalities) a city-level tax on top. The calculator above applies the correct rates for Miami automatically, alongside agent commissions, the owner's title insurance policy, attorney and escrow fees, and recording fees.
Miami Transfer Tax & Closing Costs
Florida title insurance premiums are set by the state and are the same at every title company. The seller customarily pays the owner's policy that protects the buyer; the buyer pays for the lender's policy. The seller also pays the documentary stamp tax on the deed at closing; escrow fees are typically split with the buyer. Recording fees in Miami-Dade County are a small fixed cost at closing.
How to Estimate Your Miami Net Proceeds
- Sale Price: Start with the agreed contract price for your Miami property.
- Mortgage Payoff: Subtract your remaining loan balance and accrued interest.
- Transfer Taxes: Apply the state, county, and any city-level transfer tax.
- Closing Costs: Deduct commissions, owner's title insurance, attorney/escrow, and recording fees.
Miami Net Proceeds = Sale Price − Mortgage Payoff − Commissions − Transfer Taxes − Closing Costs