Definitions for "Intangible Tax"
Florida State sales tax on real estate .20/$100
A tax imposed by some states or jurisdictions that is based upon the value of assets such as mutual fund shares, as distinguished from taxes on income.
A nonrecurring tax imposed on notes, bonds, and other obligations for payment of money secured by a mortgage, deed of trust, or other lien evidenced by a written instrument presented for recordation that is due and payable when the instrument is presented for recordation. If there is no written instrument or if it is not presented within 30 days following creation of the obligation, then the tax shall be due and payable within 30 days following creation of the obligation.