Aproperty in redondo beach sold for $13,295,500. what are the documentary transfer tax stamps ?

$43,875.15

Step-by-step explanation:

Given:

The property is sold in Redondo Beach

cost of the property sold = $13,295,500

Now,

In Redondo Beach

The County Documentary Transfer Tax rate = 0.11%

and, the City Documentary Transfer Tax = 0.22%

therefore,

The Total Documentary Transfer Tax rate for the property in Redondo Beach

= County Documentary Transfer Tax + City Documentary Transfer Tax

= 0.11% + 0.22%

= 0.33%

Hence,

The documentary transfer tax

= Total tax rate × Cost of the property sold

= 0.33% × $13,295,500

= 0.0033 × $13,295,500

= $43,875.15