Documentary transfer tax is usually based on $1.10 per $1,000 of the purchase price.
A documentary transfer tax refers to a tax payment that must be charged on documents that are used for a deed transfer. In some states like California, this transfer tax is charged when the property in question is more than a hundred dollars.
0.55 dollars is charged for properties that are worth up to $500. The documentary transfer tax is a necessary governmental requirement for all property transactions.
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