What tax is due to the county and state for recording a deed and is paid by the seller?

The tax due to the county and state for recording a deed, which is specifically paid by the seller, is known as the transfer tax, sometimes referred to as revenue stamps. This tax is imposed when property ownership is transferred from one party to another and is typically a percentage of the sale price.

When a property deed is recorded, the transfer tax is assessed as part of the documentation process to officially recognize the new ownership and ensure that the state and county can track property transactions. This tax serves as a source of revenue for both local and state governments, aiding in funding various public services.

The other options, such as income tax, property tax, and sales tax, relate to different aspects of taxation and do not specifically pertain to the recording of a deed. Income tax is assessed on earnings, property tax is based on property ownership and its assessed value, and sales tax is levied on the sale of goods and services. Understanding these distinctions is essential for real estate transactions and the associated financial implications.