Escrow & Title
Ohio's state conveyance fee rate is $1 per $1,000 of consideration. If a property sells for $275,000, what is the state conveyance fee?
A$27.50
B$137.50
C$275.00✓ Correct
D$550.00
Explanation
State conveyance fee = $275,000 / $1,000 × $1 = $275.00. Note that individual counties may add additional transfer fees on top of the state fee.
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