Jason sells his home in Hamilton County, Ohio for $320,000. Hamilton County imposes the maximum permissive real-property transfer fee of $3 per $1,000 (which includes the $1/$1,000 state mandatory fee). What total conveyance fee should appear on the settlement statement?
Correct Answer
C) $960
Ohio's statewide mandatory conveyance fee is $1 per $1,000, and Hamilton County imposes the maximum $3/$1,000 permissive fee inclusive of the state mandatory portion. $320,000 ÷ $1,000 × $3 = $960.
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