This form is a sample letter in Word format covering the subject matter of the title of the form.
Letter Notification Transfer Without Cheque In Contra Costa
Category:
State:
Multi-State
County:
Contra Costa
Control #:
US-0029LR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Documentary transfer tax is collected on every transfer of property, unless there is a valid exemption listed. County transfer tax is computed on the full value of the property. Any amount over $1.00 must be rounded up to the nearest $500 for the Countywide Documentary Transfer Tax.
In most California counties, the seller typically pays for the transfer tax. But this can be negotiated between both parties and specified within the contract. RETTs are imposed by state and local governments in many parts of the United States, including California.
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.
Conclusion: Going to small claims court may be worth it for $500, but it will determine how you weigh your costs versus benefits. At a minimum, it is worth it to send a demand letter.
Generally, you can only sue for up to $12,500 in small claims court (or up to $6,250 if you're a business). You can ask a lawyer for advice before you go to court, but you can't have one with you in court.
If you are: a person (this includes sole-proprietors) you may claim up to $12,500; if you are a Corporation, limited liability company or partnership, you may claim up to $6,250.
