A municipality in Ohio has annexed territory from an adjacent township. A property in the newly annexed area sells after the annexation. Which conveyance fee rate applies?
Correct Answer
C) The county's conveyance fee rate, which is determined at the county level regardless of municipality or township
Ohio's conveyance fee is set at the county level (state mandatory fee plus optional county permissive fee). The fee does not vary by municipality or township within the same county. Annexation from a township to a municipality within the same county does not change the applicable conveyance fee rate.
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Previous Question
At an Ohio real estate closing, the title company discovers that the County Auditor's records show the property has a different legal description than what appears on the deed being conveyed. What impact does this have on the conveyance fee process?
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In Ohio, when a deed is presented for recording, the conveyance fee is collected by the: