Escrow & Title
The transfer tax on a Georgia home sold for $350,000 would be:
A$350
B$500
C$700✓ Correct
D$1,050
Explanation
Georgia transfer tax = $1.00 per $500. $350,000 ÷ $500 = 700. Therefore, the transfer tax = 700 × $1.00 = $700.
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