Other LanguagesThe real estate sales tax is measured by the full amount of the contract price for land without deduction for the mortgage debt, even though the buyer is already personally liable on such debt.
The real estate sales tax on an execution sale pursuant to a mortgage foreclosure is due when the redemption period expires and the sheriff's deed issues.
The inter-transfer of the general partners' interests in the real property of the partnership, pursuant to dissolution, is subject to the county real estate sales tax on the value of the interest transferred.
The real estate sales tax applies to the transfer of land from the members of a dissolving partnership to a corporation in return for capital stock.
The determination of selling price for real estate sales tax purposes, where actual price is not ascertained at time of sale, is a discretionary problem for the county commissioners.
The real estate sales tax applies to the entire selling price of land without deduction for improvements retained by the seller except as that reduces the total price.
A previously executed and separate mortgage has priority over the lien of the real estate excise tax imposed upon a subsequent sale to another than the mortgagee.
The county real estate sales tax is imposed upon the transfer back of the vendee's interest in a breached contract to purchase real property unless the transfer is by court action to forfeit (not foreclose) based upon a proper forfeiture clause in the contract.
The county real estate sales tax applies to the transfer of real property by a corporation to a stockholder in exchange for his stock whether or not the stock is cancelled and capital reduced.