Joel Boss1 Look Real Estate
North Metro Atlanta · Tax

Who does the new Marietta cash purchase tax affect?

Marietta and the rest of Georgia have no separate tax that applies only to cash purchases, so nothing like that is actually on the books. A cash buyer still pays the same property tax and the same real estate transfer tax as a financed buyer, though a cash buyer skips the intangible recording tax entirely since that tax only applies to a recorded mortgage note. If you saw this claim somewhere, it was not describing Georgia. Ask Joel to confirm the actual closing costs on a specific purchase.

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