Real Estate Math
Indiana Transfer on Death (TOD) deeds avoid probate. If a property is valued at $250,000 and Indiana charges a documentary fee of $0.10 per $100 of value, what is the fee to record a deed?
A$25
B$250✓ Correct
C$2,500
D$25,000
Explanation
Fee = ($250,000 ÷ $100) × $0.10 = 2,500 × $0.
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