What is a real estate transfer tax in Delaware?

In Delaware, a real estate transfer tax is imposed specifically on the transfer of property ownership, making it an essential aspect of property transactions. This tax is calculated based on the selling price or assessed value of the property and is typically paid at the time of closing. It is important for buyers and sellers to understand their liability regarding this tax, as it is a fundamental part of the costs associated with purchasing or selling real estate.

The other options do not accurately capture the nature of a real estate transfer tax. For instance, legal consultation fees pertain to the costs associated with hiring an attorney to assist in the transaction, while fines for delays in registration are punitive measures that do not relate to the tax incurred upon transfer. A service charge for property appraisal represents costs related to evaluating a property's worth, which is distinct from the tax on changing ownership. Therefore, the correct choice emphasizes the tax's specific role in property ownership transfer.