Key word :Transfer tax fee;County transfer

 

Short answer:

It is a tax imposed by the County and/or City for the transfer of property

 

Explanation:

When the ownership of a property changes hands, the ownership transfer document (Grant Deed, for example) needs to be recorded in the County Recorder’s office where the property is located. The County Recorder, under the Revenue and Taxation Code, collects a “transfer fee” on behalf of the State Board of Equalization. This fee is the Documentary Transfer Tax and is part of the revenue that is generated for the individual counties and cities.


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