Transfer of PropertyPregunta 100 de 120
The documentary transfer tax in California is generally calculated on the:
a.Assessed value
b.Loan amount
c.Appraised value
d.Consideration paid, less any assumed liens
Explicación
The documentary transfer tax is based on the consideration or value of the property conveyed, excluding the value of any liens the buyer assumes. Counties impose the base rate, and some cities add their own transfer tax. It is typically paid at closing through escrow.
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Preguntas relacionadas de este tema
- California's documentary transfer tax is $0.55 per $500 of value. On a $600,000 sale with no assumed loan, the county transfer tax is:
- A deed in which the grantor makes the fullest express warranties, defending title against all claims, is a:
- The recorded history of successive owners and conveyances of a parcel is called the:
- A preliminary title report issued before closing primarily:
- A valid escrow generally requires a binding contract between the parties and:
- Before a deed can be recorded, the grantor's signature usually must be:
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