Escrow & Title
At what rate is the New Mexico Real Estate Transfer Tax assessed?
A$1.00 per $1,000
B$1.50 per $500✓ Correct
C$2.50 per $1,000
D$3.00 per $500
Explanation
The New Mexico Real Estate Transfer Tax (also called the deed tax or real property transfer tax) is $1.50 for every $500 or fraction thereof of the consideration paid.
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