Industry News

Columbia County local transfer tax goes into effect for deeds recorded on or after December 1, 2007.
Posted Date: 9/28/2007

This local transfer tax goes into effect for deeds recorded on or after December 1, 2007.

The newly enacted law provides for a local transfer tax at the rate of $1.00 for each
$500.00 of consideration. The first $150,000.00 of consideration on a single family
residence is exempt. The tax is payable by the grantor unless the grantor is exempt from
the payment thereof wherein it passes to the grantee. Consult the law for additional
exemption information. The tax does not apply to property under contract prior to the
effective date of the tax provided sufficient proof of its (the contract) existence prior to
the effective date is provided.

The return for same in order to pay said tax is attached. I will provide information as to
whether there will be a fee to file the return as soon as the information becomes available.

Click here to download the form

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