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Transfer Tax Calculator

Transfer tax (sometimes called recordation or deed stamp tax) is levied when a property changes hands. Rates vary dramatically: Colorado 0.01%, Pennsylvania 2%, Chicago 1.5%, NYC 1-1.425%+0.4%+1% in the mansion tax range. This calculator sizes it.

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Total transfer tax

$2,625

Effective %

0.500%

State portion

$2,100

County portion

$525

City portion

$0

Mansion tax (if applicable)

$0

How the math works

$525K × 0.5% combined = $2,625. Typical mid-market US. NYC transactions can pay 2-3% combined. Texas/Colorado: near zero.

Check your exact state + county + city rates from local tax authority or title company — rates are very specific. Mansion tax often kicks in at $1M, sometimes lower (NJ at $1M).

How to Use

  1. Enter sale price and the applicable state, county, city rates.
  2. See total transfer tax and seller/buyer allocation (depends on state custom).

Frequently Asked Questions

Who typically pays?

Seller in most states (NY, NJ, MD). Buyer in some (NH, DE). Negotiable everywhere — contract specifies. Default by market custom.

Common rates?

Most states: 0.1%-1% combined. Exceptions: PA 2%, DC 2.2%, Delaware 4%, NYC adds mansion tax up to 3.9% on luxury. Colorado + Wyoming + Kansas + Louisiana + Mississippi + Texas: no state transfer tax.

Is it deductible?

For sellers: no — reduces sale proceeds. For buyers: no — adds to basis (reduces future cap gain). Neither is a direct tax deduction.

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