Documentary Transfer Tax

Concept of Documentary Transfer Tax in the context of Real Property

A short definition of Documentary Transfer Tax: A state tax on the sale of real property, based on the sale price or equity transferred, being $ .55 for each $500 of the taxable amount in most states. Some states use $1.10 per $1000; $ .50 per $500; $1.00 per $1000.

Concept of Documentary Transfer Tax in the context of Real Property

A short definition of Documentary Transfer Tax: A state tax on the sale of real property, based on the sale price or equity transferred, being $ .55 for each $500 of the taxable amount in most states. Some states use $1.10 per $1000; $ .50 per $500; $1.00 per $1000.