Form ACR521 Documentary Transfer Tax Affidavit - County of Riverside, California

What Is Form ACR521?

This is a legal form that was released by the Assessor-County Clerk-Recorder - County of Riverside, California - a government authority operating within California. The form may be used strictly within County of Riverside. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the purpose of Form ACR521 Documentary Transfer Tax Affidavit?
A: The purpose of Form ACR521 Documentary Transfer Tax Affidavit is to declare the transfer of property and calculate the documentary transfer tax.

Q: Who needs to fill out Form ACR521?
A: The person or entity involved in the transfer of the property needs to fill out Form ACR521.

Q: What information is required on Form ACR521?
A: Form ACR521 requires information such as the property address, the transferor and transferee details, and the purchase price or value of the property.

Q: How is the documentary transfer tax calculated?
A: The documentary transfer tax is calculated based on the purchase price or value of the property being transferred.

Q: When should Form ACR521 be filed?
A: Form ACR521 should be filed within 30 days of the date of recording the deed or other instrument transferring the property.

Q: What happens if Form ACR521 is not filed or the tax is not paid?
A: Failure to file Form ACR521 or pay the documentary transfer tax may result in penalties and interest being assessed.

Q: Is there a fee for filing Form ACR521?
A: Yes, there is a fee associated with filing Form ACR521. The fee amount may vary.

Q: Are there any exemptions to the documentary transfer tax?
A: Yes, there are certain exemptions to the documentary transfer tax, such as certain transfers between spouses or transfers resulting from a court order or inheritance.