FULL EXEMPTION UP TO $475,000
As of today, February 19, 2014, to receive a full exemption from paying property transfer tax the fair market value of the property cannot exceed $475,000 which is up from $425,000. That is a savings of $7,500.00. This is only applicable on existing homes. There is also a partial exemption if the fair market value of the property is between $475,000 - $500,000.
Not only does the property have to qualify, so do you. Here's more info here and please feel free to contact me with any questions and especially if you're considering buying!
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