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Calculate the transfer tax based on the following information: Sale price: $484,000 Municipal assessment: $399,000 Standardized value: $462,500 $0 - $50,900: 0.5% Above $50,900 to

Calculate the transfer tax based on the following information:

Sale price: $484,000

Municipal assessment: $399,000

Standardized value: $462,500

$0 - $50,900: 0.5%

Above $50,900 to $254,400: 1%

Above $254,400 to $508,700: 1.5%

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