Click on a jurisdiction below for a break down of taxes associated with the purchase and sale of a residential property.

District of Columbia

Recordation tax (a.k.a. transfer tax) is calculated by purchase price.

  • Transactions $399,999 and under are taxed at a rate of 1.1% of the purchase price.
  • Transactions $400,000 and above are taxed at a rate of 1.45% of the purchase price.
  • Transactions $632,500 and below, a first-time D.C. homebuyer may be eligible for reduced recordation tax of 0.725%, learn more.
  • Example 1: $300,000 x 1.1% = $3,300.
    Buyer and seller each pay $3,300 for a total of $6,600 paid to DC.
  • Example 2: $500,000 x 1.45% = $7,250.
    Buyer and seller each pay $7,250 for a total of $14,500 paid to DC.

FURTHER READING: HOW TO QUALIFY FOR DC TAX ABATEMENT

Recording fees (Deeds, Deeds of Trust, etc.)

  • $31.50 for a Deed and $156.50 for a Deed of Trust.

Property taxes are paid semi-annually:

  • Taxes due 3/31 for the period of 10/1 – 3/31
  • Taxes due 9/15 for the period of 4/1 – 9/30

Maryland

Transfer tax (a.k.a. recordation tax) is calculated by purchase price

  • State Transfer Tax is 0.5% of the purchase price
  • State Recordation or Stamp Tax (see chart below)
  • County Transfer Tax (see chart below)
  • All of the above are customarily split 50/50 between buyer and seller

If the borrower is a first-time Maryland homebuyer who will occupy the property as a principal residence, then the borrower is exempt from state transfer tax. All purchasers must be first-time homebuyers in Maryland to qualify.

Recording fees (Deeds, Deeds of Trust, etc.)

  • $60 for each Deed or Deed of Trust
  • $50 per release

This generally results in a total recording charge of approximately $120 for purchase transactions.

Transfer & Recordation tax table

The chart below shows the total amount of taxes, by county, to be paid at settlement based on the purchase price of the property. For fast, accurate tax calculations, try our app Close It! for iOS and Web.

Property taxes

Principal residences are paid semi-annually, and non-principal residences and investment properties are paid annually.

For principal residences:

  • 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

For non-principal residences and investment properties:

  • Taxes due on 9/30 for the period 7/1 – 6/30

Virginia

Recordation tax (a.k.a. transfer tax) is calculated by purchase price

  • Deed Tax = $3.33 per $1000 of purchase price or assessed value (tax will be on the higher value)
  • Trust Tax = $3.33 per $1000 of loan amount

Recording fees (Deeds, Deeds of Trust, etc.)

  • $43.00 to record a deed and $56.00 to record a mortgage, regardless of the number of pages in the documents. This generally results in a total recording charge of approximately $99 purchases.

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

Order Services Online

Quick Quote

Calculate Net Proceeds