Closing Conducted by: | Title Companies, Attorneys |
Conveyance: | Grant Deed |
Primary Foreclosure Method: | Judicial |
Process Period: | 2 - 3 months |
Notice of Sale: | Court |
Redemption Period: | Court Determined |
Income Tax: | 2% - 5.5% |
Corporate Tax: | 8.25% |
Sales Tax: | 6.00% |
Estate Tax: | 16% - 40% |
Inheritance Tax: | 10% |
Median Property Tax: | 0.87% |
Property Taxes by County: | http://www.tax-rates.org/maryland/property-tax#Counties |
Closing Cost: | $2,404.00 |
Transfer Fee: | Transfer tax 0.5%;(or 0.25% for 1st- time buyers) |
Origination Fee: | $1,836.00 |