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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Definition of Documentary Transfer Tax Posted by Gary C. on February 19, 2002 at 6:15 AM Ward: From the glossary on this website: DOCUMENTARY TRANSFER TAX: A local tax levied on recorded transfers of title to real property. Our local (Southern California) tax rate is $.55 cents per $500 (or fraction thereof) of owner's equity transferred. The tax declaration is generally found on the face of the deed. Question: If the DTT is based on the owner's equity transferred, and usually when one sells his property, it is not free and clear (i.e., the equity is a fraction of the selling price), how can you tell the selling price of the house from the DTT? Gary C. Follow Ups: Re: Easy to arrive at sales price from a partial transfer tax. Ward-CA- 6:54 AM, 02/19/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward: : From the glossary on this website: : DOCUMENTARY TRANSFER TAX: A local tax levied on recorded transfers of title to real property. Our local (Southern California) tax rate is $.55 cents per $500 (or fraction thereof) of owner's equity transferred. The tax declaration is generally found on the face of the deed. : Question: If the DTT is based on the owner's equity transferred, and usually when one sells his property, it is not free and clear (i.e., the equity is a fraction of the selling price), how can you tell the selling price of the house from the DTT? : Gary C. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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