Ace the Florida Real Estate Exam 2026 – Unlock Your Agent Superpowers!

Intangible tax on new mortgages is typically calculated as a percentage of the loan amount. The tax rates can vary by state and can range from 0.001% to 0.004%. Option A, C, and D use different tax rates which are not correct for this calculation. Using those rates would result in an incorrect tax amount. Option B uses the correct tax rate and would provide the accurate intangible tax amount for a new mortgage.