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Doc Stamp Tax Points Up

June 17th, 2008 by flanews

Governor Charlie Crist says there may be a sign in the latest tax collection numbers that amendment one is working. The May Department of Revenue data shows sales and corporate taxes continuing to fall but the Documentary Stamp Tax is coming in higher than expected. The Doc Stamp Tax is a tax on the legal paper work people filled out when they buy a house. The Doc Stamp collections are 13 million dollars higher than expected. Governor Charlie Crist said an increase in the Doc Stamp Tax could mean the property tax amendment passed in January is working.

Starting to have more revenues begin to come in via ad valorem in particular, then obviously somethings happening out there in a positive way, said Crist.

The Florida Realtors Association says the housing market is on the rise. The Association will release housing numbers next week.

Posted in Charlie Crist, Housing, Property Taxes, State Budget, State News, Taxes | No Comments »

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