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Harlan and Associates: Real Estate Investor Blog

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Intangible Tax

Intangible Tax. A tax the state of Georgia imposes on loans with terms of three years or longer which are secured by real property. The amount of the intangibles tax is $1.50 for each $500.00 of the loan amount and is disclosed in line 1203 of the settlement statement.

For example, the intangles tax due on a $150,000.00, 30-year loan would be $450.00.

The intangible tax is collected at closing and paid by the closing attorney.

At Harlan and Associates, we would love to be your Closing Attorneys in Atlanta. Want to know more? Contact us and we will be happy to discuss how we can be of service to you!