Filing of the required transfer tax form is done online for each real estate deed recorded. This can be done at http://www.gsccca.org/efiling/pt61/default.asp
Transfer taxes are paid when money exchanges hands during the sale of a piece of property. The taxes are paid at the rate of $1.00 per $1,000.00. For example, if a house is purchased for $150,000.00, the transfer taxes due on that property are $150.00. There is a transfer tax form (Form PT-61) that must be completed with each transaction.
The E-Filing of the PT-61 form at online is free, and no accounts are required. The fees and taxes associated with the filing of the PT-61 form at the Clerks' offices remain unchanged.
Formerly a filer (typically a real estate closing attorney) completed one multi-part PT-61 form and submitted that paper form to the Clerk as part of the deed filing package. In the new E-Filing process, the filer simply logs on to the GSCCCA web site from their office and completes the "form" on-line. The screens look different to the filer but they are simply organized by the type of information being entered, i.e. buyer's name; seller's name; property information, etc. The process is simple and fast, taking less than three minutes, and the information is stored in a database immediately, then held as "inactive". After the filer completes the form on-line, they print a copy of the results to file in the Clerk's office along with the deed documents. This single page printed form replaces the multi-page form that was formerly used, and only one PT 61 form is to be filed with each applicable deed. The printed forms look virtually the same as the old forms, but the E-Filing print will have a unique reference number at the top right corner. |
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