Finance (alternative)
Maryland's Homebuyer Transfer Tax Exemption for first-time buyers applies to the:
ARecordation tax only
BState portion of the transfer tax (0.5%)✓ Correct
CBoth state and county transfer taxes
DAll closing costs
Explanation
Maryland's first-time homebuyer exemption applies to the state's 0.5% transfer tax for qualifying first-time buyers purchasing a primary residence.
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