The intangible tax data field is specific to the state of Georgia in regard to the Deed to Secure Debt cover page.
The intangible tax data field is specific to the state of Georgia in regard to the Deed to Secure Debt cover page. You will need to either enter a legal basis for an exemption to the intangible tax or enter the intangible recording tax amount by checking the box below. On the Property Tab scroll down to Property Type and depending on the length of loan term you will see the below options.
a) Yes - Amount
b) No - Customer Language (sample)
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c) No - GoDocs Language for loan length of three (3) years or less
If there is a property that falls into 2 different counties, you would not pay the full recording tax twice, but will instead pay a prorated amount in each county. Your title company would be your best resource on how to handle this scenario.