Alabama deed tax
Alabama charges deed tax when the deed is recorded with the county probate judge. The rate is 50 cents for each $500 of taxable value, or any part of $500. A mortgage or vendor's lien on which Alabama mortgage tax has been paid can reduce taxable value; the closing attorney confirms the amount. The deed must include proof of its actual price or value. If it does not, the probate office uses the latest tax assessment, and penalties can apply.
When you sell to us, we pay the closing costs, including Alabama's deed tax. Your mortgage, liens, back taxes and share of current property taxes are separate.
Ala. Code §40-22-1, deed tax, taxable value, and exemptions · Alabama Department of Revenue recordation tax
