Under Ohio law, all of the following transfers are exempt from the conveyance fee EXCEPT:
Correct Answer
A) A sale of property at fair market value to an unrelated third party
A sale at fair market value to an unrelated third party is a standard arm's-length transaction that is fully subject to the Ohio conveyance fee. This is the most common type of transfer that triggers the fee.
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Previous Question
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?
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A townhouse in a county that does NOT charge a county permissive fee sells for $175,000 in Ohio. What is the conveyance fee?