Expert: William Cady Date: 5/11/2007 Subject: Real Estate: Last purchase price
Question From what I understand, Texas has no real estate transfer taxes; therefore, no documentary tax stamps are attached to the real estate deed. Is this correct? If so, is there any other way to determine how much someone paid for a particular piece of real estate? If stamps are used in Texas, do you know the rate in order to figure out the purchase price by looking at the stamps. This information can be helpful when looking at a particular property to purchase.
Answer Toni
I'm definitely not familiar with documentary tax stamps in Texas real estate transaction but for the best explanation you should contact a title company in Texas. They can break it down and provide you with all the details that go into buying and selling Texas real estate and anything that might be associated with it like you described above.
