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Term Definition Realty Transfer Tax - a state or local levy imposed in some jurisdictions upon the sale or transfer of real estate.
Application in Divorce Normally, when deed he or she receives at settlement. Each time a property is sold, each buyer receives a new deed, and it is recorded in the county courthouse.

In a divorce, however, action.

This transfer is not a sale but a distribution of marital property.

The realty jurisdiction to another. Given the high prices of even modest homes, however, this exemption can save a divorcing couple hundreds of dollars.

It is perfectly legal to write any amount on a deed as the purchase price. The tax stamps, however, must reflect the actual purchase price.

See Affidavit of Consideration.