PLEASE NOTE: These calculations
are approximate. While every effort was made to ensure the
accuracy of these calculations, there is no warranty,
expressed or implied, for the accuracy or applicability of
this information to your particular need or situation.
Please check with your attorney or other appropriate
professional advisor before making any decision.
Take the purchase price,
divide it by 500 and multiply it by 75 cents.
Rates are
determined by the purchase price.
Documentary Stamps are
figured at the rate of $0.75 per $500 (or any fractional
part thereof).
NOTE: If you
have a purchase that is not an even dollar amount, you will
have to round it up to the nearest 500 to calculate the
documentary stamps. Example: If you have a purchase price of
$120,125.00, you will need to round it up to $120,500.00 to
use the manual method.
Take the amount of the
mortgage; divide it by 100 and multiply it by the
appropriate rate.
Rates are
determined by the amount and term of the mortgage.*
* Mortgage
tax rates for Oklahoma
The following rates
apply to each $100.00, or any fractional part thereof, of
the mortgage amount:
If the term of the mortgage is 5
years or more
10 cents
If the term of the mortgage is 4
years and less than 5 years
8 cents
If the term of the mortgage is 3
years and less than 4 years
6 cents
If the term of the mortgage is 2
years and less than 3 years
4 cents
If the term of the mortgage is
less than 2 years
2 cents
If the amount of the mortgage is
less than $100.00
10 cents
NOTE: If you
have a mortgage that is not an even dollar amount, you will
have to round the mortgage up to the nearest 100 to
calculate the mortgage tax. Example: If you have a mortgage
for $20,275.00, you will need to round it up to $20,300.00
to use the manual method.
REMEMBER TO INCLUDE THE $5.00 CERTIFICATION FEE IN YOUR
PAYMENT
