Documentary transfer tax

[Tom D]

Why not call a title company in your area, and ask them how you could find out. Appraisers are not title or tax people. Title companies are the ones who do those searches, and know where to look.
There are no secretes there, if the title company doesn't know, nobody knows.

 

[ZZGAMAZZ]

My home office now is in Costa Mesa but I might be working in Riverside later this week, if you'd like me to visit the County recorder on your behalf.

 

[nstanbru]

You should print a copy of the deed (available on Realist in the CRMLS for 5 bucks). The legal description usually includes an APN. If there is only 1 APN, do a name search using the exact name of the buyer on the deed. Any other parcels that sold to that entity should show up. On a side note, the transfer tax is actually $0.55 per $500 with the total price in increments of $500 always rounded up.

 

[Cob]

This is a question for california appraisers. I am investigating a sale for some relatives.it was a non-MLS sale and the documentary transfer tax indicates the property sold for $770000 (10 acre vacant site in Riverside County).When confirming on seller side the agent for the LLC did say it sold for "something like that". He was not that cooperative and that was all I could get out of him. The deed only lists one parcel.
..Buyer on the other hand tells me another parcel was involved. But he has good reason to lie about. My question (hope I am being clear) is would both parcels have to be on the deed if it was one transaction? Seems to me like they would or they would be paying the documentary transfer tax twice. Any insight appreciated

What does that mean?????

 

[Tom D]

It means looking for free help.

 

[bsilver]

It could be that there were other property transfers as part of a multi-property sale agreement. Like when a bunch of apartment building properties are transferred from one company to another. If you talked to the participants, and they didn't indicate that the price was non-arms length, and your research doesn't turn up any connected sales, and the sale you're looking at is consistent with the comparable market, it's probably a good sale. Do a search on the participants on the deed to see if there were any other sales they engaged in during the same time period.

 

[Terrel L. Shields]

Deed shows one property and the tax.

We have deed stamps here, but recent years they are now requiring an exact price in a separate affirmative document attached to the deed.
The $3.30/k STAMPS would calculate $244,000

 

[sputnam]

We have deed stamps here, but recent years they are now requiring an exact price in a separate affirmative document attached to the deed.
View attachment 98657The $3.30/k STAMPS would calculate $244,000

That's handy.

 

[Zoe]

This is a question for california appraisers. I am investigating a sale for some relatives.it was a non-MLS sale and the documentary transfer tax indicates the property sold for $770000 (10 acre vacant site in Riverside County).When confirming on seller side the agent for the LLC did say it sold for "something like that". He was not that cooperative and that was all I could get out of him. The deed only lists one parcel.
..Buyer on the other hand tells me another parcel was involved. But he has good reason to lie about. My question (hope I am being clear) is would both parcels have to be on the deed if it was one transaction? Seems to me like they would or they would be paying the documentary transfer tax twice. Any insight appreciated

You need to talk to the person that wrote the transfer deed and the closing lawyer that will close the transfer and transaction.

 

[Zoe]

If this is MV appraisal assignment, you have other issues involved.