Kentucky Transfer Tax Calculator: What to Expect
This simple calculator can help home sellers in Kentucky estimate their transfer taxes. To get a ballpark idea of the transfer fees you might pay in the Bluegrass State, enter your home’s estimated selling price above.
Need a selling price? Try HomeLight’s free Home Value Estimator to see what your house might be worth. To receive a more accurate listing price, contact a top Kentucky real estate agent and request a Comparative Market Analysis (CMA), a report that will compare your home against nearby listed and recently sold properties.
See a full cost and proceeds breakdown
A top real estate agent can provide you with a Seller’s Net Sheet that breaks down all the costs of selling your home, along with an estimate of the proceeds you can expect. Use HomeLight’s free Agent Match platform to find a trusted local agent with excellent reviews and a proven track record.
How the Kentucky Transfer Tax is Calculated
Kentucky’s transfer tax is $0.50 per $500 of the property’s sale price.
For example, if you sold your home for $270,000 (Kentucky’s median home price), you could expect to pay $270 in Kentucky transfer taxes.
»Learn more: Understanding Kentucky’s Real Estate Transfer Tax: A Quick Guide
See the bigger home sale picture: To see what your entire home sale might cost, try HomeLight’s Kentucky Seller Closing Cost Calculator. You’ll also get a preliminary look at your estimated net proceeds.
Does the Seller Always Pay the Kentucky Transfer Tax?
Though the seller typically pays for transfer taxes in Kentucky, it is not uncommon for the buyer and seller to work out an agreement on transfer tax liability. Transfer taxes are often a concession that sellers cover to entice buyers to the finish line.
Not every real estate transaction is subject to transfer taxes. Here are some common exemptions that Kentucky home sellers can qualify for:
- Transfers recorded before March 27, 1968
- Transfers to or from the U.S. government, the state of Kentucky, or local governments (including deeds of gift or nominal consideration)
- Transfers made solely to provide or release security for a debt
- Deeds that confirm or correct previously recorded deeds
- Transfers between spouses or as part of a divorce
- Sales made to settle delinquent taxes or assessments
- Transfers due to a property partition
- Transfers from mergers, consolidations, or business entity conversions
For a complete list, consult the Kentucky statute on real estate transfer taxes.
Make Buying and Selling Easier: Most Kentucky sellers are also buyers looking to purchase a new home. With HomeLight’s Buy Before You Sell program, you can make a non-contingent offer on your new home and only move once. Watch this short video to learn more.
More Resources to Plan Your Kentucky Home Sale
Here are some additional tools to help you plan your Kentucky home sale:
- Net Proceeds Calculator
- Map of recently sold homes in Kentucky
- Listing Agent Match platform
- Home Value Estimator
- Best Time to Sell Calculator
- Agent Commission Calculator
Sell fast without paying fees or commissions: Get a cash offer today.
With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer for your Kentucky home in 24 hours. If you accept the offer, you can close in as few as 10 days. Answer a few questions about your Kentucky home to get started. Along with your cash offer, you’ll also receive an expert estimate of what a top Kentucky agent might be able to get for your home. Receive both selling options with one tool.
As you look ahead to your next home purchase, here are some helpful buyer tools: