What must be calculated to determine the applicable taxes for a property in Sarasota County?

To determine the applicable taxes for a property in Sarasota County, it is essential to calculate documentary stamp taxes and intangible taxes. Documentary stamp taxes are levied on the transfer of real estate and are calculated based on the sales price of the property. Intangible taxes apply to mortgages or other financing instruments. Understanding and calculating these specific taxes is crucial for accurately assessing the total tax burden that will be due upon the transaction of property, making option B the correct choice.

Calculating title search fees, closing costs, and commission fees, while important in the overall financial assessment of a real estate transaction, does not directly pertain to the assessment of property taxes. Title search fees are related to examining property records, closing costs involve various fees associated with finalizing a real estate transaction, and commission fees are payments made to real estate agents for their services. These elements are not taxes and therefore do not contribute to determining the applicable taxes for a property.