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11911 Liened to full value The value of the liens outstanding equals or exceeds the value of the property. 11911 Agent to principal, funds of the grantee used to purchase the property Only applicable when two deeds are recorded concurrently.
Who pays transfer tax in Santa Clara County?
In Santa Clara County, the custom is that the city transfer tax fee is divided 50-50 between the seller and buyer. The buyer pays the recording fees, and the seller pays the county transfer tax, escrow fees, and title insurance costs.
Who pays property transfer tax Santa Clara County?
In Santa Clara County, the custom is that the city transfer tax fee is divided 50-50 between the seller and buyer. The buyer pays the recording fees, and the seller pays the county transfer tax, escrow fees, and title insurance costs.
Does buyer or seller pay transfer tax in California?
There are some jurisdictions that dictate who pays the tax, but for the most part, there is no mandate and it's up to the buyer and seller to negotiate who makes the payment. In California, the seller traditionally pays the transfer tax, thus the seller usually pays the Los Angeles County transfer tax.
Who pays title and escrow fees in Santa Clara County?
In Santa Clara County, the seller pays them. In San Mateo County, the buyer pays. The fees (which include title insurance) are based on the purchase price and run $5,000-$10,000 on average.
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The Documentary Transfer Tax is due on all changes of ownership unless an applicable statutory tax exemption is cited. It is computed at a rate of $. 55 per $500 or fractional portion of real property value, excluding any liens or encumbrances already of record.
Is there a transfer tax in Santa Clara County?
The Documentary Transfer Tax is due on all changes of ownership unless an applicable statutory tax exemption is cited. It is computed at a rate of $. 55 per $500 or fractional portion of real property value, excluding any liens or encumbrances already of record.
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Who pays the transfer tax in San Jose CA?
San Jose already has a city transfer tax, which is $3.30 per thousand, which customarily is split 50/50 between buyer and seller.
Who pays transfer taxes in Santa Clara County?
In Santa Clara County, the custom is that the city transfer tax fee is divided 50-50 between the seller and buyer. The buyer pays the recording fees, and the seller pays the county transfer tax, escrow fees, and title insurance costs.
santa clara transfer tax
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