Transfer Of TitleTaxesMEDIUM
Maryland's transfer and recordation taxes are:
Correct Answer
B) Paid by both parties, with rates varying by county
Maryland has both transfer tax and recordation tax, shared between parties, with rates varying by county.
Answer Options
A
Paid only by sellerB
Paid by both parties, with rates varying by countyC
No transfer taxesD
Paid only by buyerAudio Lesson3 min
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Related Topics & Key Terms
Related Topics:
closing-costs-settlementtitle-transfer-processstate-specific-real-estate-regulations
Key Terms:
Maryland recordation taxtransfer taxshared closing costscounty tax ratesTax-Property Article
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