Transfer Tax Calculator
You can also find the total amount paid by entering the revenue tax stamp paid. This calculation is based on $1.60 per thousand and the first $500 is exempt.
Description: The tax is imposed on the total amount paid for the property. The tax is paid to the county recorder in the county where the real property is located.
Tax Rate: The calculation is based on $.80 per each increment of $500, with the first $500 being excepted from tax. Example:
Purchase Price of $2,600
$2,600 - $500 = $2,100
$2,100 / $500 = 4.2 (Because there is a remainder of .2, we would go to the next multiplier. The tax is on each increment of $500.)
5 x $.80 = $4.00 of transfer tax
Distribution of Funds: 17.25% of the tax receipts are retained by the county. Of the remaining 82.75%, 90% goes in the State General Fund, 5% in the Housing Trust Fund, and 5% in the Shelter Assistance Fund
Due Date(s) of Returns: Tax is payable when the deed or other instrument conveying the real property is presented for recording. Tax returns must be filed by the county recorder with the State Treasurer by the 10th day of each month for tax collected during the preceding month.
