Please note that exemptions from Documentary Transfer Tax and exclusions from reassessment are separate and may differ. Conveyance tax code#If the transfer is exempt from the Documentary Transfer Tax, the transfer tax amount must be marked as “$0″ or “none”, a statement of the applicable exemption and the associated Revenue & Taxation code must also appear on the face of the document. When recording a document that conveys an interest in real property from one party to another, a signed tax declaration must appear on the face of the document stating the amount of Documentary Transfer Tax that is due. (Must clarify whether grantee is the foreclosing beneficiary).
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