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Question:

At the close of escrow on the sale of a property, the title insurance company obtained transfer tax stamps for the purchase price of $411,200. How much was the transfer tax charged?

A $452.65.
Explaination

This second transfer tax problem is solved in three steps. Once again, determine the rate per $1,000.
$0.55 x 2 = $1.10 per $1,000
Next, multiply by the thousand-dollar multiple of the sales price.
$1.10 x $411 = $452.10
Finally, since the sales price included an additional $200 over the $411,000, round the $200 up to $500. Add $0.55 to the previous calculation for the additional $500.
$452.10 + $0.55 = $452.65