Except for the amount of mortgage that may be assumed, as sale in New York State is subject to a transfer tax of
a. $0.55 per $500 or fraction thereof of the consideration paid.
b. 1 percent on a sale of less than $500,000
c. 10 percent where the consideration is more than $1 million.
d. $2 per $500 or fraction thereof of the Consideration paid.
Answer: d. $2 per $500 or fraction thereof of the Consideration paid.
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