Escrow & Title
In a Georgia real estate transaction, the transfer tax (intangible tax on the security deed) is paid by the:
ASeller at closing
BBuyer (borrower) at closing based on the loan amount✓ Correct
CBoth buyer and seller equally
DLender on behalf of the borrower
Explanation
Georgia's intangible recording tax on security deeds is paid by the borrower (buyer) at closing. It is calculated at $1.
Related Georgia Escrow & Title Questions
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- In Georgia, a 'special lien' (specific lien) differs from a 'general lien' in that:
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