1. What is the Colorado documentary fee on a $612,500 sale?
Answer & explanation
Answer: B. $612,500 / 100 = 6,125 units. 6,125 x $0.01 = $61.25. $612.50 uses ten cents per $100, a common decimal error.
closing
Colorado has no state transfer tax but charges a documentary fee when a deed conveying real property is recorded, under C.R.S. 39-13-102. The rate is one cent per $100 of consideration. No fee is owed if consideration is $500 or less; above $500 it applies to the full amount, including assumed liens. The county clerk and recorder collects it. Some home-rule municipalities levy their own separate transfer taxes.
Answer: B. $612,500 / 100 = 6,125 units. 6,125 x $0.01 = $61.25. $612.50 uses ten cents per $100, a common decimal error.
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Last verified: 2026-10-23