Transfer Of TitleTaxesMEDIUM
Georgia's intangible tax on new mortgages is:
Correct Answer
C) $3.00 per $1,000 of loan amount
Georgia charges an intangible tax of $3.00 per $1,000 (or $1.50 per $500) on new mortgage amounts.
Answer Options
A
Not applicableB
$1.50 per $500 of loan amountC
$3.00 per $1,000 of loan amountD
$5.00 per $1,000 of loan amountVideo Explanation2 min
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Related Topics & Key Terms
Related Topics:
closing-costs-calculationgeorgia-documentary-stamp-taxmortgage-closing-disclosures
Key Terms:
intangible recording taxGeorgiaO.C.G.A. § 48-6-61$3 per $1,000mortgage tax
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