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When it comes to property transfer tax every state has different regulations. Most people ask who pays the transfer tax. In most cases, the property seller is responsible to pay for this tax.\u00a0<\/b><\/p>
This type of tax is also called a deed transfer tax. When the real estate is being sold from the seller to the buyer this tax is charged by the local authority or the state as a one-time charge.\u00a0<\/b><\/p>
The amount of tax is based on the cost of the property. Higher the sales price higher would be the transfer tax for the property to be paid by the seller.\u00a0<\/b><\/p>
Usually, the tax is levied by the government jurisdictional agencies, however, it could be the state, country, or city but mostly the local government that imposes this tax.<\/b><\/p>
\u00a0If you are buying or selling a property in the state of Texas, you don\u2019t have to worry about paying them as Texas is one of the few states which do not levy this tax.\u00a0<\/b><\/p>
Other states that do not impose this tax are New Mexico, Wyoming, Oregon, Montana, Missouri, Louisiana, Mississippi, Arizona, Idaho, Indiana, Alaska, North Dakota, and Utah.<\/b><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t