Three adjacent lots in Montgomery County, Ohio sell together for $90,000. Montgomery County charges the full permissive fee. What is the total conveyance fee for this multi-parcel transaction?
Correct Answer
C) $117
Step 1: State fee = $90,000 / $1,000 × $1.00 = $90. Step 2: County fee = $90,000 / $1,000 × $0.30 = $27. Step 3: Total = $90 + $27 = $117. The fee is based on the total sale price regardless of the number of parcels.
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A property owner in Ohio transfers property to his LLC for no consideration. The owner is the sole member of the LLC. Regarding the conveyance fee, which statement is MOST accurate?
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