What is property sales tax in the real estate industry?

[Good-Person]

Property sales tax may refer to a kind of additional tax that may people pay when they sell a property. This may specifically include properties that have gained value by the passage of time. It may also depend a lot on the kind of property as well. So, how is it calculated?

 

[Kane]

In our country property sales taxes are supposed to be paid by the buyer. The taxes depend on how much money you are paying for the property, the location of the property, the land area covered by the property, etc. Normally, property in urban areas is valued higher, so the buyers of urban properties pay higher taxes.