{
  "country": "US",
  "region": "FL",
  "regionName": "Florida",
  "isScaffold": false,
  "currency": "USD",
  "currencySymbol": "$",
  "locale": "en-US",
  "lengthUnit": "sqft",
  "mortgageCompounding": "monthly",
  "minDownPct": 0.03,
  "defaultAmortYears": 30,
  "mortgageInsuranceName": "PMI",
  "pmiRate": [
    {
      "ltv": 0.97,
      "rate": 0.008
    },
    {
      "ltv": 0.95,
      "rate": 0.007
    },
    {
      "ltv": 0.9,
      "rate": 0.005
    },
    {
      "ltv": 0.85,
      "rate": 0.003
    },
    {
      "ltv": 0.8,
      "rate": 0
    }
  ],
  "transferTaxLayers": [
    {
      "name": "Florida Documentary Stamp Tax (Buyer)",
      "brackets": [
        {
          "upTo": null,
          "rate": 0.007
        }
      ],
      "notes": "Standard rate is $0.70 per $100. In Miami-Dade County, the rate is $0.60 per $100 on the deed, plus $0.45 surtax on mortgage.",
      "source": "https://floridarevenue.com/taxes/taxesfees/Pages/doc_stamp.aspx"
    }
  ],
  "typicalPropertyTaxRate": 0.0095,
  "depreciationMethod": "MACRS",
  "depreciationRate": 0.03636,
  "capitalGainsInclusionRate": 0.15,
  "salesTaxOnNewConstruction": 0,
  "deposit": {
    "cap": null,
    "interestRate": 0.015,
    "holdType": "any",
    "source": "https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0083-0084/0083/Sections/0083.49.html"
  },
  "rentIncrease": {
    "guideline": null,
    "noticeDays": 15,
    "belowMarketExempt": false,
    "abi1482Style": false,
    "source": "https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0083-0084/0083/Sections/0083.575.html"
  },
  "lateFeeMax": null,
  "lateFeeGraceDays": 3,
  "str": {
    "requiresLicense": true,
    "primaryResidenceOnly": false,
    "source": "https://www.myfloridalicense.com/DBPR/division-of-hotels-and-restaurants/vacation-rentals/"
  },
  "officialLinks": {
    "tenancyAct": "https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0083-0084/0083/0083ContentsIndex.htm",
    "rentIncreasePage": "https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0083-0084/0083/Sections/0083.575.html",
    "depositRules": "https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0083-0084/0083/Sections/0083.49.html",
    "transferTax": "https://floridarevenue.com/taxes/taxesfees/Pages/doc_stamp.aspx",
    "ltb": "https://www.flcourts.gov/Resources-Services/Court-Improvement/Housing",
    "revenueDept": "https://www.irs.gov/"
  },
  "lastVerified": "2025-01-15",
  "notes": "Florida preempted local rent control in 2023. No deposit cap. State-level vacation rental license required if renting >3 times for <=30 days."
}