Modifies additional fees and taxes imposed on certain real property transfers valued over $1 million; expands imposition of fees and taxes to real property classified Industrial Property and certain Apartments.

Summary

The bill adds a new fee, calculated as a percentage of the sale price, on transfers of residential, farm, commercial, industrial and qualifying apartment properties when the consideration exceeds $1 million. The fee is collected by the county recorder and sent to the state treasury, but it does not apply to charitable organizations, certain merger‑related transfers, intra‑company unitary business transfers, or apartment sales where at least 10 % of units are affordable housing. An affidavit of consideration must be filed with the deed for any affected transfer.

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