An Ohio property sells for $320,000. The state conveyance fee is $1.00 per $1,000 and the county charges the maximum permissive fee of $0.30 per $1,000. What is the total conveyance fee?
Correct Answer
B) $416.00
State fee: $1.00/$1,000 × $320,000 = $320.00. County fee: $0.30/$1,000 × $320,000 = $96.00. Total: $320.00 + $96.00 = $416.00.
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