Transfer Of TitleTaxesMEDIUM
Maryland's state transfer tax rate is:
Correct Answer
B) 0.5% for most transactions, with additional county taxes
The state transfer tax is 0.5% (with 0.25% exemption for first-time buyers), plus additional county/local taxes.
Answer Options
A
0.5%B
0.5% for most transactions, with additional county taxesC
No transfer taxD
2%Audio Lesson3 min
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Related Topics & Key Terms
Related Topics:
closing-costs-calculationseller-net-proceedsfirst-time-homebuyer-programsreal-estate-closing-process
Key Terms:
Maryland transfer tax0.5% state ratefirst-time homebuyer exemptioncounty transfer taxTax-Property Article
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