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Ohio's real estate conveyance fee is:

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Question & Answer

Review the question and all answer choices

A

$1 per $1,000

Option A is incorrect because it only represents the state portion of the conveyance fee ($1 per $1,000) without including the county portion, which is an essential part of Ohio's total conveyance fee.

B

$4 per $1,000 (state and county combined)

Correct Answer
C

$10 per $1,000

Option C is incorrect because it overstates the conveyance fee rate. Ohio's combined state and county fee is $4 per $1,000, not $10 per $1,000.

D

No transfer tax

Option D is incorrect because Ohio does have a transfer tax in the form of a conveyance fee. While some states have no transfer tax, Ohio's $4 per $1,000 fee is mandatory in most transactions.

Why is this correct?

Answer B is correct because Ohio's conveyance fee is a combined state and county fee totaling $4 per $1,000 of the sale price. The state portion is $1 and the county portion is $3, making the combined rate $4 per $1,000.

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