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documentary tax stamps three sometimes folks we need to add two dollars and 28 cents to the equation a prior example had jack selling his property for six hundred and fifty thousand dollars the tax that he paid equaled two thousand nine hundred and sixty four dollars in this situation jack is selling his house for six hundred and fifty thousand three hundred dollars so how much will jack pay at the closing 650 000 versus 650 300 i want you to look at the calmer so look for the calmer whenever theres any money to the right hand side of the comma we need to make an adjustment to the equation we need to add money at 650 000 for the tax if theres five hundred dollars or less were going to add two dollars and 28 cents to the tax if theres more than five hundred dollars we add four dollars and fifty six cents so in this situation it was 2 964 we add 2.28 cents because it was less than 500 giving us a tax of 2966 and 28 cents
