Should you close your Milton cash purchase before the tax takes effect?

Milton and every other Georgia city have no cash-purchase tax on the books, so there is no deadline to beat by closing early. A cash buyer in Milton pays the standard property tax on the home going forward and, because there is no mortgage note being recorded, owes no intangible recording tax at all. The transfer tax on the sale itself is the seller's legal responsibility, though contracts often shift it to the buyer. Ask your closing attorney to confirm the exact costs on your contract.