Taxes Paid at Closing
Select a jurisdiction to review recordation taxes and recording fees paid to the local government at closing for a residential property.
District of Columbia
Recordation Tax
- 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 $647,000 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 pays $3,300 recordation tax. Seller pays $3,300 transfer tax. The local government receives a total of $6,600 in transfer & recordation taxes. - Example 2: $500,000 x 1.45% = $7,250
Buyer pays $7,250 recordation tax. Seller pays $7,250 transfer tax. The local government receives a total of $14,500 in transfer & recordation taxes.
FURTHER READING: HOW TO QUALIFY FOR DC TAX ABATEMENT
Recording fees (Deeds, Deeds of Trust, etc.)
- $31.50 for a Deed
- $156.50 for a Deed of Trust
Property taxes (paid semi-annually)
Further Reading: Real Estate Tax and Escrow Reserves Explained
- Taxes due 3/31 for the period of 10/1 – 3/31
- Taxes due 9/15 for the period of 4/1 – 9/30
UPDATED 5 JUNE 2020 | INFORMATION IS RELIABLE BUT NOT GUARANTEED.
Maryland
Recordation tax
- State Transfer Tax is 0.5% of purchase price for all counties
- State Recordation or Stamp Tax (see chart below)
- County Transfer Tax (see chart below)
Taxes are customarily split 50/50 between the buyer and seller.
The chart below shows the total amount of taxes, by county, to be paid at settlement based on the purchase price of the property.
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 $110 for purchase transactions.
Property taxes
Further Reading: Real Estate Tax and Escrow Reserves Explained
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
UPDATED 5 JUNE 2020 | INFORMATION IS RELIABLE BUT NOT GUARANTEED
Virginia
Recordation tax
- 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.)
$33 to record a deed and $66 to record a mortgage, regardless of the number of pages in the documents. This generally results in a total recording charge of approximately $99.Property taxes
Further Reading: Real Estate Tax and Escrow Reserves Explained
Taxes are paid semi-annually, due dates vary by county. A few counties are outlined below:
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
Fairfax County
- First Half due 7/28
- Second Half due 12/5
- 703-222-8234
Prince William
- First Half due 7/28
- Second Half due 12/5
- 703-792-6710
UPDATED 5 JUNE 2020 | INFORMATION IS RELIABLE BUT NOT GUARANTEED.