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  • The Undersigned Declares That The Documentary Transfer Tax Is

Get The Undersigned Declares That The Documentary Transfer Tax Is

RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO GRANT DEED The undersigned declares that the DOCUMENTARY TRANSFER TAX is $ and is computed on the full value of the interest or property conveyed;.

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How to fill out the The Undersigned Declares That The DOCUMENTARY TRANSFER TAX Is online

This guide provides a clear and comprehensive approach to filling out the form titled 'The Undersigned Declares That The DOCUMENTARY TRANSFER TAX Is'. It is designed for users of all experience levels to navigate the process online with confidence.

Follow the steps to complete the form accurately and efficiently.

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. In the designated field, enter the amount of the documentary transfer tax being declared.
  3. Select one of the two options provided regarding how the tax is computed: either on the full value of the interest or property conveyed or on the full value less the value of liens or encumbrances.
  4. Provide the signature of the declarant, affirming that the information provided is accurate.
  5. Fill in the grantor's name and the grantee's name in the respective fields, ensuring that both parties are appropriately identified.
  6. Specify the location of the real property by entering the city and county in California.
  7. Attach any necessary documentation, such as Exhibit A, which describes the property, noting that it is incorporated by reference.
  8. If applicable, complete the certificate of acknowledgment by the notary public, ensuring that all details are accurately filled out.
  9. Review the completed form for accuracy and completeness.
  10. Finally, save changes, download, print, or share the form as needed.

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Who pays for the Documentary Transfer Tax? Either the Buyer or the Seller. The payment of the transfer tax can be negotiated between the Buyer and the Seller.

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.

This amount—which is often calculated as $1.10 per $1,000 of property value or consideration paid—is reduced by any outstanding mortgage or other encumbrance on the property when it is transferred. In addition to the county rate, cities may impose additional documentary transfer taxes.

[The California documentary transfer tax] shall not apply to any deed, instrument, or other writing which purports to grant, assign, transfer, convey, divide, allocate, or vest lands, tenements, or realty, or any interest therein, if by reason of such inter vivos gift or by reason of the death of any person, such lands ...

What is Documentary Transfer Tax? A tax collected when an interest in real property is conveyed. Collected by the County Recorder at the time of recording. A Transfer Tax Declaration must appear on each deed. There is a County tax and in some cases, a City tax.

A transfer tax is charged by a state or local government to complete a sale of property from one owner to another. The tax is typically based on the value of the property. A federal or state inheritance tax or estate tax may be considered a type of transfer tax.

The City documentary transfer tax rate listed below is computed per $1,000.00 of the consideration or value of the property conveyed, exclusive of existing liens and encumbrances, and is added to the Countywide $1.10 per $1,000.00 documentary transfer tax.

Documentary Transfer Tax Exemptions Conveyance Given for No Value. ... Conveyance to Establish Sole and Separate Property of a Spouse. ... Conveyance to Confirm a Community Property Interest when property was purchased with Community Property Funds. ... Conveyances transferring interests into or out of a Living Trust.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
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
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
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 WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
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