Tennessee Transfer Tax Calculator: What to Expect
This simple calculator can help Tennessee home sellers estimate their transfer tax. To understand the concept of the transfer fee you may be paying in a volunteer state, enter the estimated selling price above the home.
Need a price? Try Homelight’s free home value estimator to see what your home is worth. For more accurate listing prices, contact the top Tennessee real estate agent and ask for a Comparative Market Analysis (CMA) that will compare your home to nearby listed and recently sold properties.
How to calculate transfer tax in Tennessee
Tennessee’s transfer tax, called the real estate transfer tax, costs $0.37 at the price of real estate transfers. Smoking cessation is exempt from Tennessee transfer tax.
For example, if you sold your home (the median house price in Tennessee) for $380,000, you can expect to pay a $1,406 Tennessee transfer tax.
“learn more: Learn about Tennessee’s Transfer Tax: A Quick Guide
Does the seller always pay Tennessee transfer tax?
While sellers are accustomed to paying Tennessee real estate transfer taxes, payments can sometimes be a negotiation point between buyers and sellers during the end process.
Some home sales in Tennessee may be exempted, such as:
- Government entity (Federal Government)
- Merger, merger, sale or transfer of company assets
- Health and Education Facilities Company
- Credit Union