Real Estate Math
The Vermont Property Transfer Tax rate is 1.45% for a non-primary-residence purchase. A buyer purchases an investment property for $640,000. What is the Property Transfer Tax?
A$6,400
B$8,700
C$9,280✓ Correct
D$10,240
Explanation
Property Transfer Tax = $640,000 × 1.45% = $640,000 × 0.
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