Finance
South Dakota charges which of the following state-level taxes on real estate transfers?
AA 1% transfer tax on the sales price
BA 0.5% real estate excise tax
CNo state transfer tax✓ Correct
DA documentary stamp tax of $1 per $1,000
Explanation
South Dakota does not impose a state real estate transfer tax. This is one of several tax advantages of buying and selling property in South Dakota.
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