Finance
Oklahoma has no state transfer tax on real estate sales. This means that at closing in Oklahoma:
ABuyers pay a 2% state transfer tax
BNo state documentary stamp tax or transfer tax is collected on the deed recordation, unlike many other states✓ Correct
CSellers pay 1% to OREC
DA federal transfer tax applies instead
Explanation
Oklahoma is one of a small number of states that does not impose a state real estate transfer tax (documentary stamp tax) on the conveyance of real property. This reduces closing costs compared to states that levy such taxes.
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