Real Estate agents….can u explain land transfer tax?

Hoping this doesn't go "too" political lol.
Lori n I looked at a house recently and looking thru the paperwork from the RE Agent the land transfer tax was $44k??
WTF? I've bought houses before but I've gotten to the age where I question a lot of the **** going on.
What is it you get for land transfer tax? We still have our yearly property tax, still pay utilities etc etc.
If someone could explain it?
Thanks :popcorn:
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