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on this video were going to talk about state transfer tax you might have also heard this called documentary stamps on the street we call them doc stamps I have two math problems for the price of one the first one is asking you to figure out the taxes when given the price and the other ones asking you to figure out the price when given the taxes Im Karen climber from Orlando Florida Im a third generation Florida broker and a second-generation Florida real estate instructor I grew up in this business so I know what you need to know to pass the Florida real estate exam keep watching and Ill show you two math problems that are similar to something you might see on the State Exam calculate all applicable transfer taxes for property located in an orange county and then it lists the purchase price earnest money deposit the recorded first mortgage assumed second mortgage new and cash at closing so these are called transfer taxes theyre also sometimes called documentary stamps or intangib