Georgia's real estate transfer tax rate is:
Question & Answer
Review the question and all answer choices
$0.10 per $100
Answer A ($0.10 per $100) is mathematically equivalent to $1.00 per $1,000 and therefore also correct — this question illustrates that the same rate can be expressed two ways. However, since the question asks to identify the standard expression of Georgia's rate and the explanation confirms $1.00 per $1,000 as the primary statutory expression, B is the conventionally cited form.
$1.00 per $1,000
$1.50 per $1,000
$1.50 per $1,000 is not Georgia's transfer tax rate; this figure may be associated with other states or local transfer taxes and would overstate the Georgia tax by 50%, leading to an incorrect calculation on any transaction.
$2.00 per $1,000
$2.00 per $1,000 is not Georgia's transfer tax rate; this higher rate is associated with states like New York or certain municipalities with elevated transfer tax structures, and applying it to a Georgia transaction would significantly overstate the tax owed.
Why is this correct?
Under the Official Code of Georgia Annotated (O.C.G.A.) § 48-6-1, Georgia imposes a real estate transfer tax at the rate of $1.00 per $1,000 of the consideration paid for the property, or $0.10 per $100 — these two expressions represent the identical rate. The tax is paid by the buyer (grantee) at the time of recording the deed with the county clerk. For example, on a $300,000 home, the transfer tax would be $300 ($1.00 × 300). Recognizing that both answer options A and B in this question actually describe the same rate is the key insight.
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