FinancingClosing CostsHARD
NH's transfer tax (real estate transfer tax) is:
Correct Answer
B) $7.50 per $1,000 paid by BOTH buyer and seller (total $15 per $1,000)
NH imposes a real estate transfer tax of $7.50 per $1,000 paid by EACH party (buyer and seller), for a combined rate of $15 per $1,000 (1.5%). This is relatively high compared to other states.
Answer Options
A
No transfer taxB
$7.50 per $1,000 paid by BOTH buyer and seller (total $15 per $1,000)C
$1 per $1,000D
5% of sale priceWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Background Knowledge for Financing
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Real World Application in Financing
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Related Topics & Key Terms
Related Topics:
closing costsRSA 78-Bnet proceeds calculationbuyer closing costsRegistry of Deeds
Key Terms:
transfer taxRSA 78-B$7.50 per $1,000closing costsbilateral tax
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