- 1. Post-Acquisition Tax Reassessment Trigger
- Florida Non-Homestead Cap: Reassessed to market value at acquisition; subsequent non-homestead assessment increases capped at 10% per year (Save Our Homes non-homestead provision).
- 2. Hazard, Windstorm & Catastrophe Insurance Tier
- Coastal Barrier Island Flood + Wind Zone
- 3. Mortgage Recording, Doc Stamp & Transfer Tax Rule
- FL Documentary Stamp Tax ($0.70/$100 on deeds; $0.35/$100 on notes) + $0.20/$100 Non-Recurring Intangible Tax on new mortgage notes.
- 4. Wholesale Escrow & Tax-Reduction Strategy
- On Florida cash-out refinances, assign existing note to pay doc stamps only on the new-money advance.