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  • Affidavit Of Exemption From Documentary Transfer Tax

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Kenneth W. Blakemore San Joaquin County Assessor Recorder County Clerk Debra Leonardini Chief, Administration & Standards Teresa Williamson Chief Deputy Recorder Clerk 44 N. San Joaquin Street,.

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There are certain exemptions to the payment of the Documentary Transfer Tax. Such exemptions include, transfers that are a “gift” and can be proven that no money was involved; transfers between individuals and their Revocable Trusts; transfers between spouses for no value.

In Sacramento the tax is $0.55 per $500 of property value, less any loans assumed by the buyer. There are a number of exemptions to this tax, including exemptions for gifts, transfers into trusts, transfer upon dissolution of marriage, and others.

San Francisco charges a transfer tax on each commercial and residential property sold within city boundaries, equal to a percentage of the property's sale price. The tax rate ranges from 0.5 percent to 2.5 percent and is typically paid by the seller.

The purpose of this form is to explain the nature of the transaction and to determine if the transfer is taxable. Transfer tax is based on the purchase price if it is a purchase. Otherwise, it is based on the fair market value of the property being transferred.

Transfer Tax If entire value or consideration is ...Tax rate for entire value or consideration is ...More than $100 but less than or equal to $250,000$2.50 for each $500 or portion thereofMore than $250,000 but less than $1,000,000$3.40 for each $500 or portion thereof4 more rows

Exemptions To The Transfer Tax San Diego County Some states specify exemptions, such as a sale resulting from a divorce or death, a transfer from parent to child, gifts, and transfers between partners. If you claim an exemption, you must submit written documentation proving the exemption at the time of recording.

Who Pays? This tax can be charged to either the buyer or the seller upon mutual agreement within an escrow agreement BUT if unpaid in the sales escrow – the established policy has the responsibility fall to the BUYER as the buyer has control of the real property.

Effective March 1, 2023, Measure GS establishes a $56.00 transfer tax per $1,000 of value for property transfers of $8 million or more (an effective tax rate of 5.6%). - A 5.71% rate if the value is $8 million or greater.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232