![]() ![]() It is based on the property’s sale price and is paid by the buyer, seller, or both parties upon transfer of real property. So what exactly is real estate transfer tax? Transfer tax is a tax imposed by states, counties, and cities on transferring the title of real property from one person (or entity) to another within the jurisdiction. If you’re selling or buying a home, consult with an experienced real estate agent, financial advisor, and/or tax counsel to see if you qualify for any exemptions and can reduce or eliminate your transfer tax.
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