Transfer Of TitleTaxesMEDIUM
Virginia's grantor tax (transfer tax) is:
Correct Answer
A) $0.50 per $500 of value
Virginia's state grantor tax is $0.50 per $500 (or fraction thereof) of consideration or value.
Answer Options
A
$0.50 per $500 of valueB
$1.00 per $1,000 of valueC
No transfer taxD
1% of sale priceVideo Explanation2 min
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Related Topics & Key Terms
Related Topics:
closing-costs-calculationsettlement-proceduresseller-net-proceeds
Key Terms:
grantor taxVirginia transfer taxVirginia Code 58.1-802deed recordationclosing costs
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