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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