This is a generic form for the sale of residential real estate. Please check your state=s law regarding the sale of residential real estate to insure that no deletions or additions need to be made to the form. This form has a contingency that the Buyers= mortgage loan be approved. A possible cap is placed on the amount of closing costs that the Sellers will have to pay. Buyers represent that they have inspected and examined the property and all improvements and accept the property in its "as is" and present condition.
Closing Property Title Without Paying Taxes In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00447BG
Format:
Word
Instant download
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FAQ
The Seller is only responsible for making tax payments that come due during the time period that the Seller owns the property. On the day of closing, the Buyer is the owner of the property, and the Buyer is responsible for tax bills that come due on or after that date.
State Property Tax Postponement Program – Seniors The State Controller's Property Tax Postponement Program allows homeowners who are 62 and over and who meet other requirements to file for a postponement.
4.20. 020 - Imposition of tax. Amount of transferTax $300,000.00 or less 1% More than $300,000.00 up to $2,000,000.00 1.5% More than $2,000,000.00 up to $5,000,000.00 1.75% More than $5,000,000.00 2.5%
Oakland sales tax details The minimum combined 2025 sales tax rate for Oakland, California is 10.25%. This is the total of state, county, and city sales tax rates.
Oakland's current Real Estate Transfer Tax is 1.5%, regardless of the value of the property being sold or transferred.
Buying a house might not even have any impact on your tax return at all. Unless you have enough itemized deductions to exceed your standard deduction, there will be no effect on your refund or tax due as a result of purchasing a home.