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  2. Private transfer fee - Wikipedia

    en.wikipedia.org/wiki/Private_transfer_fee

    A private transfer fee covenant [1] is a legal instrument that is filed in the real property records, which imposes an assessment payable in connection with a series of future transfers of title to certain real property.

  3. Real estate transfer tax - Wikipedia

    en.wikipedia.org/wiki/Real_estate_transfer_tax

    Real estate transfer taxes have become controversial in some U.S. jurisdictions seeking to increase transfer taxes on higher end property sales to help combat issues like homelessness. 2022's Chicago's Bring Chicago Home initiative, seeks to increase transfer taxes on $1 million transactions by 253% or t o 2.65% or $26,500 per million dollar of ...

  4. Transfer tax - Wikipedia

    en.wikipedia.org/wiki/Transfer_tax

    Moore, 178 U.S. 41 (1900), confirmed that the estate tax was a tax on the transfer of property as a result of a death and not a tax on the property itself. The taxpayer argued that the estate tax was a direct tax and that, since it had not been apportioned among the states according to population, it was unconstitutional.

  5. Title (property) - Wikipedia

    en.wikipedia.org/wiki/Title_(property)

    Properties that are sold on the basis of equitable title have a legal chain of title intact, and a recorded transfer with the local municipality. Legal title is actual ownership of the property as when the property has been bought, the seller paid in full and a deed or title is properly recorded. Equitable title separates from legal title upon ...

  6. Declaring personal property: Take this step to avoid extra ...

    www.aol.com/declaring-personal-property-step...

    The fee ranges from $15 to $105 depending on the value of your property. The department may waive the fee if residents declare their property before May 1, Smith told the Star.

  7. Defeasible estate - Wikipedia

    en.wikipedia.org/wiki/Defeasible_estate

    A fee simple determinable is an estate that will end automatically when the stated event or condition occurs. The interest will revert to the grantor or the heirs of the grantor. The interest will revert to the grantor or the heirs of the grantor.

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  9. Tax assessment - Wikipedia

    en.wikipedia.org/wiki/Tax_assessment

    The assessment leads to an "assessed value," which is a base number used in the calculation of the property tax. There is a relationship between the assessed value and the tax liability. The higher the assessment, the higher the tax bill. In some jurisdictions, the assessed value is meant to equal the market value of a property.