62.70 185,000 - 122,364 62,63662,636 100

Georgia Math Calculations ( Transfer Tax) Flashcards A seller sold a property for $185,000. The buyer assumed the seller's first mortgage of $122,364 and paid the balance in cash. How much is the transfer tax?

$62.70) $185,000 - $122,364 = $62,636$62,636 / $100 =

$626.36 Rounded to $627$627 x $.10 = $62.70 When aproperty sells and a deed is recorded, which of the following must be paid?A transfer tax The sales price of a property is $73,50 with a loan

assumption of $58,341. The transfer tax is:

$15.20) $73,500 - $58,341 = $15,159/$100 = $151.50

Rounded to $152 x $.10 = $15.20 Which is TRUE about the transfer tax in Georgia? Transfer tax is $.10 per $100 increment on the adjusted sales price What is the amount of the transfer tax to be paid if the sales of a house is $92,560 and the new loan is $70,500?$92.60) $92.560/$100 = $925.6 Rounded to $926 x $0.10 =

$92 60

A seller sold a property for $225,00. The seller's first mortgage of $165,000 was paid off at closing. The buyer obtained a new 80% conventional loan. How much id the transfer tax in this transaction?$225.00) $225,000 x $.10 / $100 = $225.00