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Consideration is defined as something of value given for the deed. Usually the consideration is money, but it could be for services or anything of value. The amount of consideration does not matter.
It is important to note that the law does not specify how much consideration must be given. As a result, its become a common practice to state a nominal consideration, such as $10, in the deed, regardless of the actual property value or purchase price.
The rate of tax is 35 cents per $100 or portion thereof of the amount secured thereby. There is no cap on the amount of tax due. All parties to the document are liable for the tax regardless of who agrees to pay the tax. If one party is exempt, the tax must be paid by a non-exempt party.
Sellers are typically responsible for paying the Florida Documentary Stamp Tax on the deed, while buyers who are financing usually foot the stamp tax bill on the mortgage itself.
The ten dollars is the peppercorn that provides concrete consideration and ensures that the contract is valid, while the actual amount paid for the house is hidden and referred to only as the other good and valuable consideration.
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Since a deed is not a contract, deeds in various states do not require a deed to show a consideration amount. In order to avoid any title disputes, it is recommended for the deed to recite at least a nominal amount of consideration (usually $10.00), even if no money changes hands.
Documentary Transfer Tax is computed when the consideration or value of the interest or property conveyed (exclusive of the value of any lien or encumbrance remaining thereon at the time of sale) exceeds one hundred dollars ($100), at the rate of fifty-five cents ($0.55) for each five hundred dollars ($500), or
The consideration is the value that the buyer transfers to the seller. Simply put, and in most cases, the consideration reflects how much (or the dollar amount) the buyer spent to purchase the item.

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