Escrow & Title
Vermont's Property Transfer Tax rate for a buyer purchasing a primary residence for the first time is:
A0.5% on the first $100,000 and 1.45% on the remaining balance
B0.5% on the first $100,000 and 1.25% on the remaining balance✓ Correct
C1.25% on the entire purchase price
D1.45% on the entire purchase price
Explanation
Vermont's Property Transfer Tax for first-time buyers of a primary residence is 0.5% on the first $100,000 of the purchase price and 1.25% on the amount above $100,000. Non-primary-residence purchases are taxed at 1.45%.
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