Finance
A first-time homebuyer in Maryland purchasing a principal residence may be exempt from:
AAll recordation taxes
BThe state portion of the transfer tax✓ Correct
CCounty property taxes for 5 years
DThe appraisal fee
Explanation
Maryland first-time homebuyers purchasing a principal residence are exempt from the state portion of the transfer tax (0.5%), though county transfer taxes may still apply.
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