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Table of Contents » Title 23. Taxation » Agency 10. Department of Taxation » Chapter 320. Recordation Tax Regulations » 23VAC10-320-90. When supplemental writings not taxable.

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Virginia Administrative Code
Title 23. Taxation
Agency 10. Department of Taxation
Chapter 320. Recordation Tax Regulations

10/31/2025

23VAC10-320-90. When supplemental writings not taxable.

A. A deed of assumption by which the purchaser assumes the deed of trust or mortgage of the grantor (seller) is not taxable.

	Example:
	Real estate sold for	$100,000
	Cash payment for equity	30,000
	Assumption of Deed of Trust (No tax)	70,000

	Tax under § 58.1-802 computed on the consideration of $100,000	150.00
	Tax under § 58.1-803 computed on consideration ($100,000) less value of lien or encumbrance ($70,000) remaining on real estate at time of sale	30.00
	Tax under § 58.1-814 by county or city	50.00
	TOTAL TAX (state & local)	$230.00

Statutory Authority

§§ 58.1-203 and 58.1-809 of the Code of Virginia.

Historical Notes

Derived from VR630-14-809, eff. January 1, 1985.

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