Real Estate Math (alternative)

Maryland recordation tax is $3.33 per $500 of consideration. A $300,000 sale generates recordation tax of:

A$999

B$1,998✓ Correct

C$3,996

D$1,665

Explanation

$300,000 ÷ $500 = 600 units × $3.33 = $1,998 in recordation tax.

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