Duval County Title Services
Duval County, the sixth largest county in Florida by population, is best known as the home of the city of Jacksonville, the largest city in the state. While the Duval County government was consolidated with the Jacksonville city government back in 1968, Duval County is also home to cities including Jacksonville Beach, Atlantic Beach, Neptune Beach, and Baldwin. If you're looking into purchasing property in Duval County, you'll want an experienced title agency like Florida Title Company to help guide you through each step off the closing process.
In Duval County, it's typically the seller's responsibility to pay for the owner's title insurance property when a buyer purchases a property. However, it's still typically the buyer's responsibility to pay for a lender's title insurance policy, which is typically required if they are taking out a mortgage to purchase the property in question.
Closing Costs for Duval County
If you're buying property in Duval county, some of the most common closing expenses will include:
Title insurance: set at Florida promulgated rate of $5.75/$1000 for purchases up to $100,000 and $5.00/$100 for purchases larger than $100,000.
Florida Form 9 Endorsement: sometimes known as an FF9, this endorsement, set at 10% of title insurance costs, requires a land survey, and is important to determine any easement or zoning issues that property buyers may not be aware of.
Settlement/closing fee: typically $350 to $400 in Florida, this is an fee charged to the title company to execute the final transaction.
Sale documentary stamp tax: $0.70/$100 of sale price (typically paid for by the seller, but is sometimes paid for buy the buyer).
Financing documentary stamp tax: $0.35/$100 of mortgage (buyers only need to pay this based on the amount of the loan they have taken out).
Intangible tax: an additional $0.20 per $100 due to a county official before the mortgage can be recorded.