SUMMARY OF REAL ESTATE TRANSFER TAXES BY STATE
Real estate transfer taxes are taxes imposed on the transfer of title of real property. In
most cases it is an ad valorem tax that is based on the value of the property transferred. A
majority of states and the District of Columbia provide for this tax but 14 states do not.
The state statutes may or may not stipulate who (buyer or seller) is responsible for paying
the tax. In addition, most statutes list a number of cases where the transfer is exempt
from taxation. The National Association of REALTORS
®
has taken an official policy
position in opposition to real estate transfer taxes.
State Transfer Fee Transfer Fee Rate
Alabama Deeds $.50/$500
Mortgages $.15/$100
0.1%
0.15%
Alaska None
Arizona None
Arkansas $3.30/$1,000 0.33%
California (local) $.55/$500 0.11%
Colorado $.01/$100 0.01%
Connecticut Varies 0.5% up to $800K and 1% of
value over $800K; plus 0.11%
Delaware 1.5% - 2%
District of Columbia Transfer
Mortgage recordation
1.1%
1.1%
Florida Deeds $.70/$100
Mortgages $.35/$100
0.7%
0.35%
Georgia $.10/$100 0.1%
Hawaii For consideration up to $600K:
$0.10/$100
For consideration between $600K and
$1million:
$0.20/$100
For consideration over $1million:
$0.30/$100
0.1%
0.2%
0.3%
Idaho None
Illinois Chicago - $3.75/$500
Cook County - $.25/$500
State - $0.50/$500
0.75%
0.05%
0.10%
Indiana None
Iowa $.80/$500 0.16%
Kansas Mortgage $.26/$100 0.26%
Kentucky $.50/$500 0.1%
Louisiana None
Maine $2.20/$500 0.44%
2
Maryland 0.5% (0.25% for first-time
buyers)
Massachusetts $2/$500 0.456% (0.4% plus 14% surtax);
also $10-$20 surcharge
Michigan State - $3.75/$500
County - $.55/$500 - $.75/$500
depending on population
0.75%
0.11% - 0.15% depending on
population
Minnesota $1.65/$500 0.33%
Mississippi None
Missouri None
Montana None
Nebraska $1.75/$1,000 0.175%
Nevada $.65/$500 up to 400K county population
$1.25/$500over 400K county population
0.13% up to 400K county pop.
0.25% over 400K county pop.
New Hampshire $.75/$100 paid by both buyer and seller 1.5%
New Jersey For consideration up to $350K:
$2.00/$500 first $150K
$3.35/$500 from $150K to $200K
$3.90/$500 from $200K to$350K
For consideration in excess of $350K:
$2.90/$500 first $150K
$4.25/$500 from $150K to $200K
$4.80/$500 from $200K to $550K
$5.30/$500 from $550K to $850
$5.80/$500 from $850 to $1million
$6.05/$500 amount over $1 million
For consideration in excess of $1
million (residential only)in addition to
above:
$5/$500
0.4% first $150K
0.67% from $150K to $200K
0.78% from $200K to $350K
0.58% first $150K
0.85% from $150K to $200K
0.96% from $200k to $550K
1.06% from $550K to $850K
1.16% from $850 to $1 million
1.21% amount over $1 million
1.0%
County: up to 0.1% additional tax
New Mexico None
New York
Property transfer - $2/$500 up to $1
million; 1% additional over $1 million
Mortgage recording
New York City
0.4% up to $1 million value; addl.
1.0% over $1 million
1.0%
1.0% up to $500K value; 1.425%
over $500K
North Carolina $1/$500 0.2%
North Dakota None
Ohio 0.1% plus 0.3% local
Oklahoma $.75/$500 0.15%
Oregon None
Pennsylvania Local varies 1.0% plus $2
Rhode Island $2.00/$500 0.4%
South Carolina $1.85/$500 ($1.30 state, $.55 county) 0.37% (state-county combination)
South Dakota $.50/$500 0.1%
Tennessee $.37/$100 0.37%
Texas None
Utah None
Vermont Tax on gains; varies with length of time
owned
3
Virginia $.15/$100 on sales up to $10 million;
varies thereafter
0.03% - 0.15% depending upon
sales price
Washington 1.28% of sales price plus local
taxes
West Virginia $1.65/$500 ($1.10 state, $.55 county) 0.33% (state-county combination)
Wisconsin $.30/$100 0.3%
Wyoming None
Sources: Assessment Journal, International Association of Assessing Officers, November/December
1997; Commerce Clearing House State Tax Guide 2001. Compiled by National Conference of State
Legislatures Fiscal Affairs Program. Updated by NAR from various sources 7/9/09.
