stamp tax

Definition of "stamp tax"
  1. A tax that is paid by buying and sticking a stamp onto a legal document, such as a deed
How to use "stamp tax" in a sentence
  1. The seller is required to pay the stamp tax before finalizing the sale of their property.
  2. In some counties, a stamp tax is collected on the filing of certain documents with the county recorder.
  3. The buyer realized too late that the cost of the stamp tax was not included in the purchase price.

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