On what basis is the transfer tax calculated in Georgia?

The transfer tax in Georgia is calculated based on the sales price of the property being transferred. This means that when a property is sold, the tax assessed will directly reflect the amount the buyer agrees to pay the seller for the property. The sales price is significant because it represents the actual transaction value and is the most straightforward metric to apply in determining the tax liability.

Using the sales price ensures that the tax calculation is linked directly to the market transaction, providing an accurate reflection of the value exchanged during the sale. Other values, such as assessed value or market value, may not correlate directly to the real-world amount paid in the transaction.