What is the basis for the transfer fee levied by the state on real estate?

The transfer fee imposed by the state on real estate is based on the selling price of the property. This fee is typically calculated as a percentage of the final selling price and reflects the value at which the property is exchanged between the buyer and seller. Since the selling price represents the actual amount that the buyer agrees to pay and the seller accepts for the property, it serves as the most accurate indicator of value for taxation purposes during the transfer of ownership.

Utilizing the selling price ensures that the collected fees are directly correlated with the market activity and economic value of real estate transactions. This method helps maintain fairness and transparency in the taxation process, as it avoids discrepancies that could arise from arbitrary assessments like market values or appraisals, which may not reflect the true cash price agreed upon by the parties involved.