Not necessarily. You should classify the transfer as an interfamily transfer for No consideration on the ACRIS transfer documents. Since the transfer tax is a percentage of the consideration there should be no tax. The ACRIS documents are now required to record the deed. Most likely you will need either a lawyer to do the transfer or a title company since you will not have access to the ACRIS system.
Answered on Mar 04th, 2013 at 5:10 PM