Transfer of Property, 8% of the examination
Documentary transfer tax
An authorized county transfer tax of $0.55 per $500 or fraction when the taxable value exceeds $100.
Under Revenue and Taxation Code section 11911, first exclude qualifying liens or encumbrances remaining at sale from the consideration or value. If that taxable base exceeds $100, apply $0.55 to each $500 or fractional part of the full taxable base; $100 is a threshold, not a deduction. A $100 base produces no county tax under this rule, while $100.01 produces $0.55. Exemptions and additional local taxes must be checked separately.
Test the distinction
A relevant question from Transfer of Property, selected because its facts or explanation use this concept.
Which county documentary transfer tax rate does California Revenue and Taxation Code 11911 authorize?
Written to DRE's published topic list. Not a real examination question, since reproducing those is a misdemeanor under B&P Code section 123.
Primary sources
Use these authorities when a course summary, forum answer, or older flashcard conflicts with the current California rule.