Transfer Rates/Recordation Taxes for DC, VA & MD
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DC |
Purchase Transactions
- DC Recordation is calculated using the purchase price.
Transactions $399,999 and under are taxed at the rate of 1.1% of the purchase price. Example: $300,000 x 1.1% = $3,300. So the buyer and seller would each pay $3,300 for a total of $6,600 paid to DC.
Transactions $400,000 and above are taxed at the rate of 1.45% of the purchase price. Example: $500,000 x 1.45% = $7,250. So the buyer and seller would each pay $7,250 for a total of $14,500 paid to DC.
Please Note: For transactions on or after October 1, 2006, DC Transfer/Recordation Tax will increase to 1.45% for transactions in the amount of $400K and above. All residential transactions under $400K will remain at 1.1%. All commercial transactions will be 1.45%.
See information about the DC Tax Abatement Program here: DC Tax Abatement Program
Refinance Transactions
- Residential Properties are exempt; DC does not tax a Deed of Trust so long as the property is Class I or Class II (i.e., residential).
Recording Fees
- $26.50 for the first two pages and $7 for each page thereafter. This generally results in a total recording cost of approximately $290 on purchases and approximately $215 on refinances.
Property Taxes
Taxes are paid semi-annually, the two tax periods are:
- Taxes due on 3/15 for the period of 10/1 - 3/31.
- Taxes due on 9/15 for the period of 4/1 - 9/30.
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VA
Purchase Transactions - All Counties
- Deed Tax = $3.33 per $1000 of Purchase Price.
- Trust Tax = $3.33 per $1000 of loan amount.
Refinance Transactions - All Counties
- Trust Tax = $3.33 per $1000 of loan amount.
If payoff lender is same as new originating lender, borrower pays $2 per $1000 only on the difference of increase of loan amount.
Recording Fees
$33.00 to record a deed and $66.00 to record a mortgage, regardless of the number of pages in the documents. This generally results in a total recording charge of approximately $99 for both purchases and refinances.
Property Taxes
Taxes are paid semi-annually, due dates vary by county. A few counties are outlined below:
- Fairfax County,
- First Half due 7/28
- Second Half due 12/5
- 703-222-8234
- Arlington
- First Half due 6/5
- Second Half due 10/5
- 703-228-3090
- City of Alexandria
- First Half due 6/15
- Second Half due 11/15
- 703-838-4777
- Prince William
- First Half due 7/28
- Second Half due 12/5
- 703-792-6710
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MD
Purchase Transactions
- State Transfer Tax is 0.25% to purchasers for all counties. Note: If first-time Maryland Homebuyer and will occupy property as principal residence, then borrower is exempt from this tax. However, all purchasers must be first-time Homebuyers in Maryland in order to qualify.
- State Recordation Tax (see chart below).
- County Transfer Tax (see chart below).
Refinance Transactions
- State Recordation Tax (see chart below) based on loan amount*.
- On principal residence transactions, the borrower pays State Recordation Tax only on the difference between the new loan amount and the existing principal balance.
- If the property is not a principal residence, please contact Federal Title & Escrow Company for calculating transfer and recordation taxes.
Recording Fees for Residential Properties
- $40 for each Deed or Deed of Trust.
- $40 per release.
This generally results in a total recording charge of approximately $90 for purchases and approximately $80 for refinances.
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| County |
Recordation
Tax* |
County
T-fer Tax** |
Property Tax Rate*** |
Code |
| Allegheny |
$3.25 |
0.25% |
$1.132 |
1 |
| Anne Arundel |
$3.50 |
0.50% |
$1.087 |
-- |
| Baltimore County^ |
$2.50 |
0.75% |
$1.247 |
2 |
| Baltimore City^ |
$5.00 |
0.75% |
$2.460 |
8 |
| Calvert |
$5.00 |
None |
$1.024 |
-- |
| Caroline |
$5.00 |
0.25% |
$1.084 |
3 |
| Carroll |
$5.00 |
None |
$1.180 |
8 |
| Cecil |
$4.10 |
None |
$1.112 |
4 |
| Charles |
$5.00 |
None |
$1.148 |
-- |
| Dorchester |
$5.00 |
0.375% |
$1.062 |
-- |
| Frederick |
$6.00 |
None |
$1.132 |
-- |
| Garrett |
$3.50 |
0.50% |
$1.168 |
5 |
| Harford |
$3.30 |
0.50% |
$1.224 |
1-8 |
| Howard |
$2.50 |
0.50% |
$1.176 |
8 |
| Kent |
$3.30 |
0.25% |
$1.144 |
-- |
Montgomery
PP UNDER $500k¹ |
$3.45 |
0.50% |
$0.883 |
5 |
Montgomery
PP OVER $500k¹ |
$5.00 |
0.50% |
$0.883 |
5 |
| Prince George's |
$2.50 |
0.70% |
$1.092 |
-- |
| Queen Ann's |
$4.95 |
0.25% |
$1.108 |
6 |
| St. Mary's |
$4.00 |
0.50% |
$1.040 |
1 |
| Somerset |
$3.30 |
None |
$1.142 |
-- |
| Talbot |
$3.30 |
0.50% |
$0.685 |
5 |
| Washington |
$3.80 |
0.25% |
$1.080 |
-- |
| Wicomico |
$3.50 |
None |
$1.173 |
5 |
| Worchester |
$3.30 |
0.25% |
$0.862 |
5 |
Note: The above Transfer & Recordation Taxes are based on customary splits (apportionment) between buyer and seller, the split is typically 50-50. In some cases, the parties may reallocate the responsibility to pay Transfer & Recordation Taxes. We advise that you carefully review the sales contract prior to calculating the Transfer & Recordation Taxes. If you have any questions, please contact us at services@federaltitle.com.
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* Per $1,000 of purchase price (based on loan amount for refinancing transactions)
** Percent of purchase price
*** Per $100 of value (includes state real property tax of ...084/$100).
^Please note that we do not offer services in this area.
Note: Tax rate may vary in cities of other incorporated areas.
- The first $30,000 is exempt for owner occupied principal residence.
- The first $22,000 is exempt for owner occupied principal residence.
- The first $25,000 is exempt for owner occupied principal residence OR the
first $75,000 is exempt for owner occupied principal residence AND first-time Maryland Homebuyers.
- Surcharge of $10 per Deed/Deed of Trust.
- The first $50,000 is exempt from Recordation Tax for owner-occupied principal residence.
- ¹Effective March 1, 2008 Montgomery County Taxes increased to the following:
- Any purchase price (PP) of $500k is taxed at $3.45/$1000 and
- Any PP over $500k is taxed at $3.45/$1000 for the first $500k and $5.00/$1000 for the remainder OVER $500k.
Example: A primary residence, purchase price of $700k, will be taxed as 450 x $3.45 = $1552.50
PLUS 200 x $5.00 = $1000
Total = $2552.50 (Note this was a primary residence so the first $50k is exempt from the tax)
- Exempt for first time Maryland Homebuyer.
- Washington County has a 2% Agriculture Tax, if applicable.
- These counties require a lien certificate, fee ranging $25 - $55.
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Property Taxes
Principal residences are paid semi-annually, investment properties are paid annually.
- Taxes due on 9/30 for the period of 7/1 - 12/31.
- Taxes due on 12/31 for the period of 1/1 - 6/30.
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Updated on 3/5/2008 - This information is deemed reliable, but not guaranteed.
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