Real Estate Math
A New Hampshire home sold for $420,000. The total Real Estate Transfer Tax paid was:
A$3,150
B$6,300✓ Correct
C$4,200
D$8,400
Explanation
NH Transfer Tax = $1.50 per $100 × ($420,000 / $100) = $1.50 × 4,200 = $6,300 total. The buyer pays $3,150 and the seller pays $3,150.
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