Who pays the transfer tax?
The Recorder of Deeds Office will not accept a deed for recording unless presented with applicable fees for taxes due. In most sales agreements, its common practice for the buyer and seller to divide the tax equally. However, the new owner is responsible if there is any question over the amount of tax paid.

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1. What is the real estate transfer tax?
2. Who pays the transfer tax?
3. Are any transactions exempt?
4. What is a statement of value?