9. The state transfer tax on deeds is $.12 for each $100 of sales price; the...

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9. The state transfer tax on deeds is $.12 for each $100 of sales price; the county transfer tax is $.30 for each $200 of sales price. The sales price of a residence is $184,500 and is financed by an 80 percent new mortgage loan. What is the total transfer tax that will be charged? 9. The state transfer tax on deeds is $.12 for each $100 of sales price; the county transfer tax is $.30 for each $200 of sales price. The sales price of a residence is $184,500 and is financed by an 80 percent new mortgage loan. What is the total transfer tax that will be charged?

Answer rating: 100% (QA)

To calculate the total transfer tax we first need to find the amount of t... View the full answer