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2024-06-27 08:51:07 -

Understanding Realty Transfer Tax: What Buyers and Sellers Need to Know

Realty Transfer Tax is a tax imposed on the transfer of property ownership from one party to another. This tax is typically calculated as a percentage of the property's sale price or its assessed value and is paid by the buyer, seller, or both parties, depending on local regulations. The realty transfer tax serves as a significant source of revenue for local and state governments, funding various public services and infrastructure projects. Understanding the specifics of the realty transfer tax, including applicable rates and exemptions, is crucial for both buyers and sellers to accurately budget for their real estate transactions.

VISIT US:- https://maps.app.goo.gl/PHPA1P3ZvMKJWLxdA

Understanding Realty Transfer Tax: What Buyers and Sellers Need to Know Realty Transfer Tax is a tax imposed on the transfer of property ownership from one party to another. This tax is typically calculated as a percentage of the property's sale price or its assessed value and is paid by the buyer, seller, or both parties, depending on local regulations. The realty transfer tax serves as a significant source of revenue for local and state governments, funding various public services and infrastructure projects. Understanding the specifics of the realty transfer tax, including applicable rates and exemptions, is crucial for both buyers and sellers to accurately budget for their real estate transactions. VISIT US:- https://maps.app.goo.gl/PHPA1P3ZvMKJWLxdA

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