|
Alabama
|
Deeds $.50/$500
Mortgages $.15/$100
|
0.1%
0.15%
|
|
Alaska
|
None
|
|
|
Arizona
|
$2 fee per deed or contract
|
Flat fee
|
|
Arkansas
|
$3.30/$1,000
|
0.33%
|
|
California
|
Local option transfer tax $.55/$500
|
0.11%
|
|
Colorado
|
Transfer tax $.01/$100
|
0.01%
|
|
Connecticut
|
Transfer tax rates 0.61%-1.11%, nonresidential is 1%, residential has two tiers of either 0.5% or 1% based on value
|
0.5% up to $800K and 1% of value over $800K; plus municipal tax .11%
|
|
Delaware
|
Transfer tax state-local combinations from 1.5% to 2%
|
1.5% - 2%
|
|
District of Columbia
|
Transfer tax -- 1.1%
Mortgage Tax: up to $250,000
|
1.1%
1.1%
|
|
Florida
|
Conveyance of realty $.70/$100 (0.6% if county surtax)
Mortgage tax $.35/100
|
0.7%
0.35%
|
|
Georgia
|
$.10/$100
|
0.1%
|
|
Hawaii
|
Transfer tax $.10 to $.30/$100,
$.15 to $.35/$100 without homeowner exemption.
Mortgage fee 0.1%
|
0.1%-0.3%
0.15%-0.35%
0.1%
|
|
Idaho
|
None
|
|
|
Illinois
|
County - $.25/$500
State $.50/$500
|
0.05%
0.1%
|
|
Indiana
|
None
|
|
|
Iowa
|
$.80/$500
|
0.16%
|
|
Kansas
|
Mortgage fee $.26/$100
|
0.26%
|
|
Kentucky
|
Transfer tax $.50/$500
|
0.1%
|
|
Louisiana
|
None
|
|
|
Maine
|
Transfer tax $2.20/$500
|
.44%
|
|
Maryland
|
Mortgage tax (local) $2.20-$4.00/$500
Transfer tax -- 0.5% or (0.25% for 1st- time buyers)
|
.44%-.80%
0.5%
|
|
Massachusetts
|
Transfer tax -- $4.56/1000
(0.4% plus 14% surtax); also $10-$20 document fee
|
0.456%
|
|
Michigan
|
State -- $3.75/$500
County -- $.55/$500 - $.75/$500 depending on +/- 2 million population
|
0.75%
0.11% - 0.15%
|
|
Minnesota
|
Deed Tax of $1.65/$500
Mortgage Registry Tax $.23/100
|
0.33%
0.23%
|
|
Mississippi
|
None
|
|
|
Missouri
|
None
|
|
|
Montana
|
None
|
|
|
Nebraska
|
Transfer tax $1.75/$1,000
|
0.175%
|
|
Nevada
|
$.65/$500 up to 400K county population
$1.25/$500over 400K county population (and local option mid-size county 0.1%)
|
0.13%
0.25%
|
|
New Hampshire
|
Transfer tax $.75/$100
Paid by buyer and by seller
|
1.5%
|
|
New Jersey
|
Transfer tax: Varies based on price and tax status (seniors, disability)
Homes over $1 million add 1% surtax
0.1% local rate
Commercial sales over $1 million have 1% fee
|
0.4% - 1.21%
rates based on value
1%,
1%
|
|
New Mexico
|
None
|
|
|
New York
|
Realty transfer State - $2/$500 up to $1 million; 1% additional over $1 million
Mortgage recording tax-State $1.00/100
Mortgage NY City $1.00-$1.12/100
Realty Transfer NY City 1% to 1.425% based on +/- $550K home value
|
0.4% or 1.4% over $1 million
1.0%
1% to 1.12%
1% to 1.425%
|
|
North Carolina
|
Transfer tax $1/$500
Local option to increase by up to 0.4%
|
0.2%
0.4%
|
|
North Dakota
|
None
|
|
|
Ohio
|
Transfer tax $.10/100
Plus local option $.30/100
|
0.4% (0.1% plus 0.3% local)
|
|
Oklahoma
|
Deed stamp tax $.75/$500
Mortgage registration tax $.02-$.10/100
Based on term of mortgage
|
0.15%
0.02%-0.1%
|
|
Oregon
|
None
|
|
|
Pennsylvania
|
Documentary stamp tax 1%
Philadelphia 3%, Pittsburgh 1.5%-2%
County rates widely vary
|
1%
|
|
Rhode Island
|
Realty conveyance tax $2.00/$500
|
0.4%
|
|
South Carolina
|
Deed recording fee $1.85/$500
($1.30 state, $.55 county)
|
0.37%
|
|
South Dakota
|
$.50/$500
|
0.1%
|
|
Tennessee
|
$.37/$100
Mortgage tax 11.5 cents/100
|
0.37%
0.12%
|
|
Texas
|
None
|
|
|
Utah
|
None
|
|
|
Vermont
|
Property Transfer Tax -- 1.25%
Unless property is owner-occupied, in which case, tax is 0.5% on the first $100,000 of value and 1.25% over $100,000. Qualified farms - 0.5%
Plus capital gains tax on land sales, based on length of ownership
|
1.25%
(or marginal rates based on value)
|
|
Virginia
|
Transfer tax $.50/500
Mortgage tax $.15/$100 up to $10 million value; more thereafter
Local option for 1/3 more of state recordation tax.
|
0.1%
0.15%
|
|
Washington
|
Real property sale excise tax 1.28% of sales price plus local option tax, currently ranging from 0.25%-0.75%.
|
1.28%
1.53% to 2.03% combined with local option
|
|
West Virginia
|
Transfer tax $1.65/$500 ($1.10 state, $.55 county) Local option for $.55 more. Plus flat $20 fee on transfers & new modulars.
|
0.33%
$20.00
|
|
Wisconsin
|
Transfer tax $.30/$100
|
0.3%
|
|
Wyoming
|
None
|
|
|
Sources: NCSL, Commerce Clearing House State Tax Guide May 2005. NCSL research 2007. Compiled by National Conference of State Legislatures Fiscal Affairs Program.
|