"Sales Tax for Real Estate" refers to the tax levied on the sale of property, which can include land, buildings, and other structures. This tax is typically a percentage of the sale price and varies by jurisdiction. It's imposed to generate revenue for local governments and is often used to fund public services such as education, infrastructure, and safety. The buyer or seller may be responsible for paying this tax, depending on local laws. Understanding the applicable sales tax is crucial for both parties in a real estate transaction to ensure compliance and accurate budgeting.