David Saks

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Real Estate Practice : Lesson 408

                                                          #408

When a conveyance tax is assessed it's always based on the fair market value of the home.

Is this true or false ?

Take your time. The solution will be posted below the royalty free wildlife photograph.

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A. False

When a property is assessed a conveyance tax, levied by the authority of the state, it's always based on the selling price and takes place when title is transferred.

0 commentsDavid Saks - Broker • November 16 2009 08:03PM

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