Transparency - Real Estate Transfer Tax

The Real Estate Transfer Tax (RETT) was enacted in 1967. The tax is imposed on both the buyer and the seller at the rate of $.75 per $100 of the price or consideration for the sale, granting, or transfer. In most instances, the tax is paid to the register of deeds in the county where the property is located and is evidenced by stamps affixed to the deed when the deed is recorded.