Escrow & Title
Virginia's recordation tax on deeds is separate from the Grantor's Tax. What is the standard recordation tax rate on deeds?
A$0.25 per $100 of value
B$0.33 per $100 of value (25¢ state + up to 8.3¢ local)✓ Correct
C$0.50 per $500 of value
D$1.00 per $1,000 of value
Explanation
Virginia's state deed recordation tax is $0.25 per $100 of consideration (or fair market value), with localities authorized to charge up to one-third of the state rate, making the combined rate up to $0.333 per $100.
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