Recordation Tax

• Are UCC fixture filings subject to the indebtedness/mortgage tax imposed pursuant to Tenn. Code Ann. § 67-4-409(b)?
• Do UCC fixture filings require a value stated as Maximum Principle Indebtedness?
• How should the recordation tax be calculated on a warranty deed that includes a retained life estate?
• What information is required on a modified or amended deed?
• What is required when someone submits a document to be recorded and claims that the tax on the document has been paid in another jurisdiction?
• Is additional recordation tax due on an increase in indebtedness beyond the amount stated in a prior document?
• Is indebtedness tax due on an assumptions agreement?
• Are municipalities or other government entities subject to recordation tax?
• Are state and federal credit unions subject to recordation tax?
• Is an oath required on a tax exempt transfer?
• Is transfer tax due on an adjustment of property between divorcing parties pursuant to a domestic settlement decree, domestic decree, and/or deed?
• Is transfer tax due on the transfer of property pursuant to a last will and testament or other testamentary devise?
• Is transfer tax due on transfers to a revocable living trust?
• Is transfer tax due on a release of a life estate?
• Is transfer tax due on a conveyance from one spouse to the other spouse?
• Is transfer tax due on a division in kind by tenants in common?
• What is the tax base for a quit claim deed?
• What does the Department of Revenue consider the fair market value (FMV) of a property being transferred?
• Who is responsible for paying and collecting the transfer tax?
• What is the tax base for the transfer of a freehold estate?