Free Lake Wales, Florida seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Lake Wales, Florida (Polk County). The calculator applies the local rates for you.
- Median home value
- $225,900
- Transfer tax on $225,000
- $1,575
- Seller costs on $225,000
- About $15,144
- Median property tax bill
- $1,924 a year
- County
- Polk County
- Population
- 17,798
Lake Wales transfer tax
On a $225,000 sale in Lake Wales, transfer taxes come to $1,575: Documentary stamp tax on deed. By custom the seller pays it. A buyer who finances 80% of the price also pays $990 in mortgage taxes (Documentary stamp tax on note (new mortgage) and Intangible tax on new mortgage).
| Tax | Rate | Paid by | On $225,000 |
|---|---|---|---|
| Documentary stamp tax on deed | $0.70 per $100 | Seller | $1,575 |
| Documentary stamp tax on note (new mortgage) | $0.35 per $100 | Buyer | $630 |
| Intangible tax on new mortgage | $2.00 per $1,000 | Buyer | $360 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $225,000 local median value | $1,575 | $0 | $1,575 |
| $250,000 | $1,750 | $0 | $1,750 |
| $500,000 | $3,500 | $0 | $3,500 |
| $1,000,000 | $7,000 | $0 | $7,000 |
Example Lake Wales seller net sheet
A $225,000 sale, close to Lake Wales's median home value of $225,900, with a 5% commission and a $135,000 mortgage payoff. Seller costs come to about $15,144, or 6.7% of the price.
| Line | Seller |
|---|---|
| Sale price | $225,000 |
| First mortgage payoff | −$135,000 |
| Real estate commission (5%) | −$11,250 |
| Documentary stamp tax on deed | −$1,575 |
| Owner's title insurance policy | −$1,200 |
| Settlement / closing fee | −$550 |
| Release / satisfaction recording | −$18.50 |
| Title search and examination | −$200 |
| Municipal lien search | −$150 |
| Deed preparation | −$150 |
| Wire / courier / payoff processing | −$50 |
| Estimated net before property tax prorations | $74,856.50 |
Who pays what in Lake Wales
Lake Wales closings follow Polk County customs. Seller customarily pays the owner's policy and chooses the closing agent in Polk County. The settlement fee is paid by each side for its own closing. Closings are usually handled by a title company or attorney.
Property taxes in Lake Wales
The median property tax bill for homeowners in Lake Wales is $1,924 a year, about 0.85% of the median home value of $225,900 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Polk County Tax Collector bills Nov 1 (4% discount in Nov, 3% Dec, 2% Jan, 1% Feb; due Mar 31).
Rates verified 2026-09-30. Home value and tax bill: Census Bureau American Community Survey, 2019–2023. A net sheet is an estimate; final figures come from the title company.
Lake Wales seller questions
How much is the transfer tax in Lake Wales, Florida?
On a $225,000 sale in Lake Wales, transfer taxes come to $1,575: Documentary stamp tax on deed. By custom the seller pays it. A buyer who finances 80% of the price also pays $990 in mortgage taxes (Documentary stamp tax on note (new mortgage) and Intangible tax on new mortgage).
How much are seller closing costs in Lake Wales?
On a $225,000 sale, close to the median home value in Lake Wales, with a 5% commission, estimated seller costs are about $15,144 (6.7% of the price). Without commission they are about $3,894. The loan payoff and property tax proration change the final number.
What county is Lake Wales in, and does it matter at closing?
Lake Wales is in Polk County, Florida. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. Seller customarily pays the owner's policy and chooses the closing agent in Polk County. The settlement fee is paid by each side for its own closing.
How much are property taxes in Lake Wales?
The median property tax bill for homeowners in Lake Wales is $1,924 a year, about 0.85% of the median home value of $225,900 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Polk County Tax Collector bills Nov 1 (4% discount in Nov, 3% Dec, 2% Jan, 1% Feb; due Mar 31).
Other cities in Polk County
- Lakeland
- Poinciana
- Winter Haven
- Haines City
- Bartow
- Auburndale
- Davenport
- Highland City
- Medulla
- Lakeland Highlands
- Fuller Heights
- Cypress Gardens
Cities near Lake Wales
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