Property Transfer Tax Calculator — Real Estate by State

A real estate transfer tax (also called a deed tax, conveyance tax, or stamp duty) is a tax imposed on the transfer of property ownership from seller to buyer. It is usually calculated as a percentage of the sale price. Most states impose this tax; a few (Alaska, Montana, New Mexico, North Dakota, Texas, Wyoming) do not have a state-level transfer tax.

Custom varies by state and is often negotiable. In many states, the seller pays. In others (like New York), the buyer pays. In some states it's split. In a buyer's market, sellers often agree to cover all transfer taxes. In a competitive seller's market, buyers may agree to pay them. Always confirm with your real estate attorney or agent for your specific state.

Transfer taxes are generally NOT deductible as a tax expense for the year of sale. However, sellers can add transfer taxes paid to their adjusted cost basis, effectively reducing capital gains. Buyers can add transfer taxes to their cost basis for future gain calculations. Always consult a tax professional for guidance on your specific situation.

Some states exempt new construction from full transfer tax rates, or provide credits. For example, in some jurisdictions, first-time homebuyers receive partial exemptions. Many states also exempt property transfers between certain family members (parent to child) or due to divorce. Check with your state's department of revenue for applicable exemptions.