Notice - Deed Transfer Tax Increase
Created: Friday, 15 July 2016 14:13
INCREASE- The rate of Deed Transfer Tax in the Town of Shelburne is one and a half percent (1.5%) of the value of the property transferred effective August 1, 2016.
INTEREST- Deed Transfer tax is due within ten (10) days of the transfer and, if not paid when due, the grantee shall pay interest at the rate of fifteen per cent (15%) per annum until paid, beginning ten (10) days after the transfer. A grantee shall pay an additional penalty of ten per cent (10%) on any deed transfer tax that remains unpaid after thirty (30) days from the date of transfer.
LIEN- The Deed Transfer Tax with interest and penalty constitutes a lien upon the property conveyed by the deed.