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Which statement is true about real estate transfer taxes in Missouri?

Correct Answer

A) Missouri does not impose a statewide real estate transfer tax

Missouri is one of the few states that does not impose a statewide real estate transfer tax or documentary stamp tax. There is no state-level tax assessed on the transfer of real property in Missouri, which distinguishes it from many other states.

Answer Options
A
Missouri does not impose a statewide real estate transfer tax
B
Missouri imposes a transfer tax of $1.50 per $1,000 of consideration
C
Missouri imposes a transfer tax of $5.00 per $1,000 of consideration
D
Missouri imposes a transfer tax of 2% of the sale price

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Related Topics & Key Terms

Related Topics:

closing costsdocumentary stamp taxrecording feesdeed transferMissouri closing procedures

Key Terms:

transfer taxdocumentary stamp taxno transfer taxMissouri closing costsdeed recording
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