Reported 1 day ago
The California real estate transfer tax is a fee imposed on property sales, calculated based on the property's value and can vary by county and city. While sellers usually cover this tax, local customs and negotiation may alter who is responsible for payment. Additional municipal transfer taxes in major cities like San Francisco and Los Angeles may also apply, influencing the overall transaction costs. Buyers and sellers should be aware of local regulations and potential exemptions, as these factors significantly affect real estate transactions in the state.
Source: YAHOO