Transfer Tax Calculator in Delaware

Delaware Transfer Tax Calculator: What to Expect

This simple calculator can help home sellers Delaware Estimate their transfer tax. To understand the idea of ​​transfer fees you may have to pay First statusenter the estimated selling price above your home.

Need a price? Try freedom to free House Value Estimator It might be worth it to see your house. For more accurate listing prices please contact top Delaware Real estate agent And require comparative market analysis (CMA), a report that compares your home to properties listed nearby and recently sold.

How to calculate Delaware transfer tax

DelawareTransfer Taxknown as Real estate transfer taxcalculated at 3.0% of the fair market value of the property, Distribute buyers and sellers equally. This rate may vary depending on whether the local municipality also charges transfer tax.

Another transfer tax Delaware seller usually pays

Many counties and local governments also charge real estate transfer taxes to home sellers. In Delaware, local municipalities can impose a 1.5% tax.

If the local transfer tax exceeds 1%, the state will reduce the state tax to 2.5%. This usually results in a total transfer tax of 4%, which is distributed between the buyer and the seller.

“learn more: Learn about Delaware’s transfer tax