Escrow & Title
The Grantee's Tax in Virginia is:
AA state tax paid at the same rate statewide
BA local tax that varies by locality and is paid by the buyer✓ Correct
CA federal transfer tax on all real estate
DA tax paid only on commercial property transfers
Explanation
Virginia's Grantee's Tax is a local recordation tax paid by the buyer (grantee). The rate varies by locality and is in addition to the state Grantor's Tax paid by the seller.
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