Posted on: 19th May, 2007 04:54 pm
what does \"deed tax due\" mean on the quitclaim form?
Hi Pamela,
Welcome to the forums.
"Deed tax due" or transfer tax refers to the tax imposed on the transfer of interest in real property from one individual to another. The tax is required once the deed is executed and delivered and not when it is recorded.
Thanks,
Jerry.
Welcome to the forums.
"Deed tax due" or transfer tax refers to the tax imposed on the transfer of interest in real property from one individual to another. The tax is required once the deed is executed and delivered and not when it is recorded.
Thanks,
Jerry.
can I get a quitclaim form that can be used in idaho
hi chesney,
you can use the quit claim deed form listed on this page: quit claim deed form, idaho
miller
you can use the quit claim deed form listed on this page: quit claim deed form, idaho
miller
Hi Pamela,
The real estate transfer tax is collected whenever there is a transfer of property-interest from one individual to another. The tax is collected at the County recorder's office when you are about to record the deed.
You need to complete a Declaration of Value form so that the tax can be calculated at a certain rate which varies from one state/county to another. The basis for the tax is equal to the actual selling price or the estimated market value of the property.
Take Care
The real estate transfer tax is collected whenever there is a transfer of property-interest from one individual to another. The tax is collected at the County recorder's office when you are about to record the deed.
You need to complete a Declaration of Value form so that the tax can be calculated at a certain rate which varies from one state/county to another. The basis for the tax is equal to the actual selling price or the estimated market value of the property.
Take Care