A commercial building in Franklin County, Ohio sells for $1,200,000. Franklin County charges the maximum permissive county fee of $0.30 per $1,000 in addition to the state fee. What is the total conveyance fee?
Correct Answer
D) $1,560
Step 1: State fee = $1,200,000 / $1,000 × $1.00 = $1,200. Step 2: County fee = $1,200,000 / $1,000 × $0.30 = $360. Step 3: Total = $1,200 + $360 = $1,560.
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