|
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. |
