Sunday, December 12, 2010
How do for the fee for recording a transfer Act
Transfer tax is paid the Government city, County and the State for the transfer of ownership to a new owner a tax. The wording of the fee is different for each State, but is in General in the account or purchase price for the property.Difficulty: moderately EasyInstructions1Determine the amount of tax payable. In South Carolina, for example, the formula tax transfer is also known under the name, documentary stamps and stamps of the law $1.85 per $500 review. It is in the city state of documentary fees and County combined. If the verification is $100,000, the transfer fee is for example, $370. This amount shall be at the time of registration act directly in the registry in deeds. 2Pay County transfer tax paid. Running Act, also known as a title to real estate is registered in the District of acts in County, where the property is located. For example, is property of the Isle of palms, South Carolina in Charleston County Register of shares stored. The transfer fee directly to the registry office acts currently paid the deed is registered. According to the State in which the property is located it can charge store deed. 3Distinguish transfer tax of property taxes. Once something new owner's name is stored, the new owner will receive notice of taxes for the following years. The law requires, buyer name and address in the text of the Act for the County, the new give tax advisory Treasurer. South Carolina, property taxes annually, paid and owned or controlled for the town or city control. Transfer fees are paid for the registration of the law, but the property taxes are paid annually.
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