Paying Sales Tax on New Construction in Florida

Paying Sales Tax on New Construction in Florida

Investor · IN · Member since 2012 · 263 posts · 168 votes

Anyone know if you have to pay 6% sales tax on new construction SFR in Florida, specifically the Bonita Springs area? I am looking to build new construction and not sure if I have a new house built, if there is sales tax on it?

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Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
8y
Originally posted by @Jim C.:

@Wayne Brooks @John Thedford- Thanks for replying. That's what I thought, but received a quote from a local builder and they added 6% Sales Tax to the Base price of the home and all the options I selected in the home (upgraded counters, carpets, etc). 

 Not sure what they are referring to. There is NO sales tax on real estate. They may be trying to pad their profit.

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  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    8y

    No.  The builder will pay sales tax on all the materials he buys, that's it.

  • Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
    8y

    The only taxes are transfer taxes when you sell. They are .70/$100. 

  • Investor · IN · Member since 2012 · 263 posts · 168 votes
    8y

    @Wayne Brooks @John Thedford- Thanks for replying. That's what I thought, but received a quote from a local builder and they added 6% Sales Tax to the Base price of the home and all the options I selected in the home (upgraded counters, carpets, etc). 

  • Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
    8y
    Originally posted by @Jim C.:

    @Wayne Brooks @John Thedford- Thanks for replying. That's what I thought, but received a quote from a local builder and they added 6% Sales Tax to the Base price of the home and all the options I selected in the home (upgraded counters, carpets, etc). 

     Not sure what they are referring to. There is NO sales tax on real estate. They may be trying to pad their profit.

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