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A real estate transfer tax, sometimes called a deed transfer tax or documentary stamp tax, is a one-time tax or fee imposed by a state or local jurisdiction upon the transfer of real property.
The Land transfer acts, 1875 and 1897 : with a commentary on the sections of the acts, introductory chapters explanatory of the acts, and the conveyancing practice thereunder : also the land registry rules, forms, and fee order, orders in council for compulsory registration, &c., together with forms of precedents and model registers, &c. Author
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.
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 ...
I appreciate Ohio Auditor Keith Faber highlighting in a guest opinion column published in The Dispatch last week that property owners should check their new property value and file a complaint ...
Ohio House Bill 140 calls for ballot language to be written in a way that would tell voters what levies would cost the owner of a home valued at $100,000 and how much the amount the tax would ...