What county is Homestead in, and which office handles title transfers?
Homestead is in Miami-Dade County. Title transfers are handled by the Miami-Dade County Tax Collector – Homestead at 1200 NE 8th St, Homestead, FL 33030. Hours: Mon–Fri 8:30 AM–4:30 PM. Phone: (305) 355-5000.
What is the sales tax rate on a yacht sale in Homestead?
The combined rate is 7.00%. Florida state rate 6% + Miami-Dade County discretionary surtax 1%.
Is notarization required for a yacht bill of sale in Homestead?
No. Florida does not require notarization for a private vehicle sale. Buyer and seller signatures on the title are sufficient.
What fees should I expect when transferring a yacht title in Homestead?
Title transfer fee: $75.25. Base registration fee: $27.60. Sales tax at 7.00% is collected at the time of title transfer.
How long do I have to transfer a yacht title in Homestead?
Florida requires the buyer to transfer the title within 30 days of the sale date. Late transfers may incur penalty fees at the DMV. Bring your signed bill of sale and the assigned title to the Miami-Dade County Tax Collector – Homestead.
Can I sell a yacht without a title in Homestead?
In most cases, no. Florida requires a clean title to complete a private vehicle sale. If the title is lost, the seller must apply for a duplicate title before selling. The bill of sale alone does not transfer legal ownership.
What documents do I need to buy a yacht in Homestead?
You will need: (1) the signed title from the seller, (2) a completed bill of sale, (3) a valid government ID, and (4) payment for the title transfer fee ($75.25) and sales tax (7.00%). Bring all documents to the Miami-Dade County Tax Collector – Homestead.
Is a bill of sale legally binding in Homestead?
Yes. A properly signed bill of sale is a legally binding document that protects both the buyer and seller. It records the agreed-upon sale price, date, and vehicle details. Sellers should keep a copy to prove they are no longer liable for the vehicle after the sale date.