Transfer Tax Split Calculator

Transfer tax is often split between parties per contract.

Purchase price

Transfer tax %

Seller share %

Total transfer tax

$480,000

Seller share

$240,000

Buyer share

$240,000

How the math works

Total = price × tax %. Seller share = total × %. Buyer share = total − seller.

$20M × 2.4% = $480k total × 50% = $240k seller + $240k buyer.

How to Use

Enter purchase price.
Enter transfer tax %.
Enter seller share %.
Read each party's obligation.

Frequently Asked Questions

State norms?

NY: seller pays 1.4% state + 1% local. NJ: buyer 1-2%, seller 1.75-2%. CA: seller typically pays. PA: split 50/50 (buyer + seller). FL: seller typically pays. Each jurisdiction has default; parties can negotiate differently.

Mansion tax?

NYC mansion tax: 1% above $1M residential, progressive up to 3.9% above $25M. Buyer typically pays. Other mansion taxes: NJ, DC, Philadelphia. Negotiable in purchase agreement though.

Commercial carve-out?

Commercial often treated differently. NY RPTT: commercial taxed at 2.625% above $2M (vs 1.4% residential). Buyer/seller assignment varies. Write into contract. Include tax in purchase price negotiation.

How often should I rerun this?

Rerun this calculator whenever inputs change materially — new rent roll data, rate moves, loan balance updates, or quarterly operating data. For active deals, monthly refresh is typical. For stabilized assets under monitoring, quarterly is fine. Treat the output as a decision tool, not a one-time answer — market conditions evolve and so should your analysis.