Escrow & Title
In a Delaware real estate transaction, transfer tax is paid to:
AOnly the state of Delaware
BThe state of Delaware and the local jurisdiction✓ Correct
COnly the county
DOnly the municipality
Explanation
Delaware's realty transfer tax of 4% of the purchase price is divided between the state (2.5%) and the local jurisdiction (1.5%), with the cost typically split between buyer and seller.
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