Transfer Tax

Transfer Tax. A tax imposed when title is transferred from one party to another. The amount of the transfer tax is $1.00 for every $1,000.00 of actual consideration received by the seller.

The transfer tax is a seller charge and is not considered a closing cost. It is shown in line 1203 of the settlement statement.

Transfer 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!