Ohio's mandatory state conveyance fee rate is:
Correct Answer
C) $1.00 per $1,000 of sale price
Ohio's mandatory state conveyance fee is $1.00 per $1,000 of the sale price under ORC §319.54(G)(3). This rate applies uniformly across all 88 Ohio counties.
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A real estate developer in Ohio sells a newly constructed home. The sale price is $380,000. At closing, the developer realizes the conveyance fee was accidentally omitted from the settlement statement. The closing agent should:
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An Ohio corporation transfers a commercial property to a newly formed subsidiary corporation. The parent corporation owns 100% of the subsidiary. What is the conveyance fee implication?