Real Estate Transfer Tax Calculator
Transfer Tax Estimate
Calculate real estate transfer taxes on a property sale
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Formula
Transfer Tax = Sale Price x (State Rate + Local Rate)
Frequently Asked Questions
What is a real estate transfer tax?
A real estate transfer tax is a fee imposed by state, county, or city governments when property ownership is transferred. It is typically calculated as a percentage of the sale price and paid at closing. Rates vary significantly by jurisdiction.
Who pays the transfer tax?
Transfer tax responsibility varies by state and local custom. In some areas the seller pays, in others the buyer pays, and in many areas the cost is split. The allocation is often negotiable as part of the purchase agreement.
How much are transfer taxes?
Transfer tax rates vary widely. Some states have no transfer tax (e.g., Texas, Wyoming), while others charge 0.1-2% or more. Cities may add additional taxes. Total transfer taxes typically range from $500 to several thousand dollars.
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