A property in Ohio is sold at auction by the county due to delinquent taxes. The winning bid is $45,000. Is the conveyance fee applicable to this auction sale?
Correct Answer
A) No, tax-related government auction sales are exempt from the conveyance fee
Under ORC §319.54(G)(3), tax foreclosure sales conducted by the county are exempt from the conveyance fee. These are government-conducted sales to resolve tax delinquencies, and the transfers pursuant to these proceedings are treated as exempt.
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In Ohio, which entity's approval is required on the DTE 100 form BEFORE the deed can be submitted to the County Recorder?
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An Ohio buyer purchases a property for $550,000. The purchase agreement includes $50,000 in personal property (appliances, furniture). The buyer's attorney argues that the conveyance fee should be calculated only on the real property portion. Which statement is correct?