Escrow & Title
In Tennessee, recordation tax on the transfer of real property is charged at what rate?
A$0.37 per $100 of consideration✓ Correct
B$1.00 per $100 of consideration
C$0.50 per $100 of consideration
DThere is no Tennessee transfer tax
Explanation
Tennessee charges a recordation tax (often called a transfer tax) of $0.37 per $100 of the consideration for deeds transferring real property.
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