Who pays the transfer tax when selling a house?
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The tax is paid by the grantor (seller). However, if the grantor doesn't pay the tax, or is exempt from the tax, the grantee (buyer) must pay the tax. The additional 1% real estate transfer tax is paid by the grantee. If the grantee is exempt, the grantor must pay the tax.May 30, 2017
2023-06-14 18:08:31
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Ethan Martinez
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The tax is paid by the grantor (seller). However, if the grantor doesn't pay the tax, or is exempt from the tax, the grantee (buyer) must pay the tax. The additional 1% real estate transfer tax is paid by the grantee. If the grantee is exempt, the grantor must pay the tax.May 30, 2017