Tax Type
Recordation Tax
Description
Assumption of Obligation; Tenants by Entireties
Topic
Documents Subject to Tax
Date Issued
05-14-1970
Assumption by a husband of an obligation for which he is already primarily liable does not constitute consideration for his former wife's conveyance of her interest in a parcel of jointly-owned land to the husband. If the deed conveys the property from husband and wife as tenants by the entireties to the husband, the tax is imposed on the full value of the property. If the deed conveys the wife's interest to the husband, the tax is imposed on the value of her interest.
Attorney General's Opinion