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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Transfer tax ruminations... Posted by Ward-CA- on September 10, 2003 at 10:46 PM In Reply to: Transfer Tax posted by SeanW on September 10, 2003 at 7:28 PM : I recorded my N.C. Trustee's deed this morning. I was pleasantly surprised, to find a check attached to it from the trustee, to pay the tansfer tax. (Although, it's only .002 of the bid amount. The CA tax is something like .0055, right?) : Don't bidders in CA have to pay this for themselves? -=-=-=-=-=-=-=-=- Yes, CA bidders pay their own transfer tax. It's strange since in every other instance it's the sellers who pay the transfer tax in CA. The base rate here is 55 cents per $500.00 of seller's equity being transferred to the buyer. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I recorded my N.C. Trustee's deed this morning. I was pleasantly surprised, to find a check attached to it from the trustee, to pay the tansfer tax. (Although, it's only .002 of the bid amount. The CA tax is something like .0055, right?) : : Don't bidders in CA have to pay this for themselves? : -=-=-=-=-=-=-=-=- : Yes, CA bidders pay their own transfer tax. It's strange since in every other instance it's the sellers who pay the transfer tax in CA. : The base rate here is 55 cents per $500.00 of seller's equity being transferred to the buyer. 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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