PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM GLOSSARY
Georgia real estate transfer tax is an excise tax on a taxable conveyance of real property.
Finance and Closing
Georgia taxes and closing math
Define, distinguish, apply, retrieve
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PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEBuild the complete exam definition
Learn the rule, separate it from the nearest distractor, then apply it to a Georgia fact pattern.
What does Transfer tax mean?
Georgia real estate transfer tax is an excise tax on a taxable conveyance of real property. It is calculated from consideration at $1 for the first $1,000 or fraction, plus 10 cents for each additional $100 or fraction.
How do you separate the nearest exam answer?
Transfer tax follows the consideration for the conveyance. Intangible recording tax follows the face amount of a qualifying long-term note secured by real estate.
What changes or stays the same in Georgia?
Georgia law places liability on the person executing the instrument, typically the seller, although a contract may allocate the cost differently between the parties.
A property sells for $325,000 with a new $260,000 loan. The transfer-tax base is the $325,000 consideration, not the loan.
Using the loan amount or the intangible-tax rate produces a plausible but wrong answer.
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDERetrieve the rule under exam conditions
Answer before reading the explanation. Then explain why every distractor belongs to a different term.
A Georgia home sells for $325,000. The buyer finances $260,000 with a new loan, and no existing lien stays on the property. What is the state transfer tax at $1 per $1,000 of consideration?
- A
$260
- B
$780
- C
$325
- D
$975
Transfer tax is figured on the consideration for the sale: $325,000 divided by $1,000 is 325, times $1 equals $325. The new loan is not deducted, because only pre-existing liens that stay on the property are excluded. The $260 answer uses the loan amount, and $780 and $975 apply the intangible tax rate instead.
Mark each box only when you can perform the skill without looking.
I can define the term in one precise sentence.
I can separate it from the closest look-alike.
I can explain the Georgia rule or confirm that the national rule applies.
I can answer the practice check and explain every option.
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEConnect the term to the wider exam
Use these relationships to move from isolated recall to a connected exam model.
Finance and Closing complete lesson
https://www.passgeorgiarealestate.com/blog/georgia-transfer-tax-and-intangible-recording-tax
Official exam administration and content-outline source.
https://test-takers.psiexams.com/api/content/bulletin/4672Official source for Georgia transfer-tax and recording-tax treatment.
https://dor.georgia.gov/real-estate-transfer-tax