Calculate Transfer and Recordation Taxes

Maryland Transfer and Recordation Taxes Calculator*

There are typically three government taxes which are charged when transferring real estate in Maryland:

• a state recordation tax (also called "tax stamps"),
• a state transfer tax, and
• a county transfer tax (not all counties collect this)

Maryland law states that, unless otherwise provided in the contract, transfer and recordation taxes are to be split equally between the purchaser(s) and seller(s). If the purchaser(s) is a first time homebuyer(s) in the State of Maryland, Maryland law exempts the purchaser(s) from paying any state transfer tax and requires the seller(s)to pay a transfer tax of .25% of the purchase price.

When refinancing, typically only state recordation taxes are collected. These taxes are collected on the difference between the principal of the existing loan being paid off and the principal of the new loan. **

Transaction Type	Purchase	Refinance
Amount	Enter purchase price Is the purchaser a first time homebuyer in the state of Maryland? Yes     No	Enter new loan amount Enter principal balance of loan being paid off
Who pays the taxes?	Buyer Pays Seller Pays 50-50 split	Not applicable.
Will the property be occupied as your principal residence?	Yes No
County of Residence	Allegany Anne Arundel Baltimore City Baltimore County Calvert Caroline Carroll Cecil Charles Dorchester Frederick Garrett Harford Howard Kent Montgomery Prince George’s Queen Anne’s St. Mary’s Somerset Talbot Washington Wicomico Worcester

*Although the calculations on this page are deemed to be accurate, Monocacy Title does not guarantee or warrant the results herein. Because many factors affect the amount of taxes collected by the counties and state, you should speak with one of our attorneys or the tax clerk for the county in which the property is located in order to get a more accurate figure.

Virginia Transfer and Recordation Taxes Calculator*

There are typically three government taxes which are charged when transferring real estate in Virginia:

• a state recordation tax (also known as the Grantee tax),
• a state transfer tax (also known as the Grantor tax), and
• a county transfer tax.

The Purchaser usually pays the state recordation tax and the county transfer tax, while the seller usually pays the state transfer tax.

When refinancing, the state recordation tax and the county transfer tax is paid by the borrower, the state transfer tax is not collected.

Transaction Type	Purchase	Refinance
Amount	Enter purchase price Enter loan amount	Enter new loan amount

*Although the calculations on this page are deemed to be accurate, Monocacy Title does not guarantee or warrant the results herein. Because many factors affect the amount of taxes collected by the counties and state, you should speak with one of our attorneys or a county clerk in Virginia in order to get a more accurate figure.

Washington DC Transfer and Recordation Taxes Calculator*

The District of Columbia has both a recordation tax and a transfer tax. These two taxes are each 1.1% below $400,000 and 1.45% above $400,000 of the contract sales price. Unless otherwise negotiated the purchaser usually pays the Recordation tax of 1.1% or 1.45% and the seller usually pays the Transfer tax of 1.1% or 1.45%.

The District of Columbia charges no transfer or recordation tax on the refinance of a property which has four or less units. If the property has five or more units, D.C. charges full recordation and transfer taxes on the mortgage or deed of trust amount.

Transaction Type	Purchase	Refinance
Amount	Enter purchase price	Enter new loan amount Is the property five or more units? Yes     No

*Although the calculations on this page are deemed to be accurate, Monocacy Title does not guarantee or warrant the results herein. Because many factors affect the amount of taxes collected by the counties and state, you should speak with one of our attorneys or the tax clerk for the District of Columbia in order to get a more accurate figure.