What is the meaning of transfer tax?

transfer tax is a state tax imposed on the transfer or conveyance of realty or any realty interest by means of deed, lease, sublease, assignment, contract for deed or similar instrument. One purpose of the tax is to acquire reliable data on the fair market value of the property to help establish more accurate real property tax assessments.

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APABarry Goldsmith. (2010). transfer tax. Retrieved September 24, 2026, from http://smartdefine.org/transfer_tax/definitions/1165524
ChicagoBarry Goldsmith. 2010. "transfer tax" http://smartdefine.org/transfer_tax/definitions/1165524 (accessed September 24, 2026).
HarvardBarry Goldsmith 2010, transfer tax, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/transfer_tax/definitions/1165524>.
MLABarry Goldsmith. "transfer tax" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/transfer_tax/definitions/1165524>
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