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Transfer Tax II - Continued Mystery

Posted by SeanW on September 10, 2003 at 8:43 PM

In Reply to: Transfer Tax posted by SeanW on September 10, 2003 at 7:28 PM

I looked harder at the receipt from the register -- and it says the Trustee's check was for "documentary stamps".

Our notices of sale in NC usually have a statement buried in the boilerplate that a "3rd party purchaser must pay transfer tax of 45 cents per $100 according to statute".

Maybe I'll understand this better on the next deed. I'm still not clear as to whether I paid the transfer tax, or whether the clerk omitted to charge me.


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