Escrow & Title
In Virginia, the Grantee's (buyer's) recording tax on a deed is calculated at what rate?
A$0.25 per $500 of value
B$0.50 per $500 of value✓ Correct
C$1.00 per $500 of value (varies by locality)
D$2.50 per $500 of value
Explanation
Virginia's state deed recording tax for the grantee is $0.25 per $100 (equivalent to $1.25 per $500). However, localities may impose an additional tax. The combined state and local rate is often cited at $0.50 per $500.
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