ALTA COMMITMENT FOR TITLE INSURANCE SCHEDULE B PART II Order No.: 202 2 - 12345 -SH
5. Effective January 1, 2020 new graduated Real Estate Excise Tax rates on sales of real property take effect as follows: Sales Price Thresholds Tax Rate $500,000 or less 1.60% $500,000.01 to $1,500,000 1.78% $1,500,000.01 to $3,000,000 3.25% $3,000,000.01 or more 3.50% (Rates apply separately to portions of the sales price within each threshold) Sales of land identified as “agricultural land” or “timberland” continue to be subject to a flat rate 1.78%. Please inquire with the Mason County Treasurer for a determination on the applicability of this flat fee. In addition to the tax as computed above, a $5.00 State Technology Fee is payable. Note: If your transaction includes recording of tax-exempt documents, a total of $10.00 for technology and processing fees is payable.
END OF SPECIAL EXCEPTIONS
This page is only a part of a 2016 ALTA ® Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
File No.: 202 2-12345 -SH Schedule B II Exceptions ALTA Commitment for Title Insurance Page 8 of 12
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