Transfer Of TitleTaxesMEDIUM
Alabama real estate transfer tax is:
Correct Answer
B) $0.50 per $500 of value (or $1.00 per $1,000)
Alabama charges a deed tax of $0.50 per $500 of consideration.
Answer Options
A
No transfer taxB
$0.50 per $500 of value (or $1.00 per $1,000)C
1% of sale priceD
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Related Topics & Key Terms
Related Topics:
closing-proceduresalabama-real-estate-regulationsreal-estate-closing-costs
Key Terms:
Alabama deed taxtransfer taxAlabama Code 40-22-1documentary stampconsideration
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