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  2. What are real estate transfer taxes? - AOL

    www.aol.com/finance/real-estate-transfer-taxes...

    A real estate transfer tax, sometimes called a deed transfer tax or documentary stamp tax, is a one-time tax or fee imposed by a state or local jurisdiction upon the transfer of real property.

  3. Real estate transfer tax - Wikipedia

    en.wikipedia.org/wiki/Real_estate_transfer_tax

    Some U.S. states have a variety of transfer tax laws which may include specific exemptions for certain types of buyers based on buying status or income level. For example, Maryland exempts certain "first time buyers" from a percentage of the total [4] or excludes a portion of the property's sales price from taxation altogether.

  4. Do I Have to Pay Real Estate Transfer Taxes? - AOL

    www.aol.com/pay-real-estate-transfer-taxes...

    Say you’re selling a single-family home in New York City, where both state and local transfer taxes apply. Specifically, the state rates are 0.4% for sales up to $3 million and 0.65% for sales ...

  5. Property tax - Wikipedia

    en.wikipedia.org/wiki/Property_tax

    The First Time Home Buyers Tax Credit is also available in Ontario, which offers First Time Home Buyers a 750 dollar tax Rebate. In 2017 the Ontario Government also released the Land Transfer Tax Rebate, which allowed for up to 4,000 dollar rebate – ensuring that first time home buyers of homes valued under 368,000 dollars would not pay land ...

  6. Transfer tax - Wikipedia

    en.wikipedia.org/wiki/Transfer_tax

    Moore, 178 U.S. 41 (1900), confirmed that the estate tax was a tax on the transfer of property as a result of a death and not a tax on the property itself. The taxpayer argued that the estate tax was a direct tax and that, since it had not been apportioned among the states according to population, it was unconstitutional.

  7. 7 tax breaks every first-time homebuyer must know - AOL

    www.aol.com/article/finance/2017/01/12/7-tax...

    The tax landscape changes yearly. Congress meets occasionally to review and adjust the tax code, so first-time homebuyers must keep on their toes to understand year-to-year tax changes.

  8. Property tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Property_tax_in_the_United...

    The method of determining the rate varies widely, but may be constrained under laws of particular states. Property tax is likely the first or second highest tax burden on a capital-intensive business so hundreds of thousands of dollars may be at stake. [21] In some jurisdictions, property is taxed based on its classification.

  9. Would it help? Fed legislation would create $15,000 tax ... - AOL

    www.aol.com/help-fed-legislation-create-15...

    In 2008, 2009 and 2010, first-time homeowners could also claim a refundable tax credit from the purchase of their house, although the cap at the time was set at $7,500. That was increased to ...