Montgomery County Transfer Tax Calculator: What to Expect
This simple calculator can help home sellers in Montgomery County estimate their transfer taxes. To get a ballpark idea of the transfer fees you might pay in the [location nickname], 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 Montgomery County real estate agent and request a Comparative Market Analysis (CMA), a report that will compare your home against nearby listed and recently sold properties.
How the Montgomery County Transfer Tax is Calculated
Montgomery County’s transfer tax, known as a transfer tax, is calculated at a rate of 1% of the property’s sale price.
For example, if you sold your home for $651,000 (Montgomery County’s median home price), you could expect to pay $6,510 in Montgomery County transfer taxes.
Buyers and sellers are also liable for paying state transfer taxes, which are levied at a rate of 0.5%, unless a first-time home buyer exemption is applied, which is levied at a rate of 0.25%.
»Learn more: Understanding Maryland’s Transfer Tax: A Quick Guide
See the bigger home sale picture: To see what your entire home sale might cost, try HomeLight’s Maryland Seller Closing Cost Calculator. You’ll also get a preliminary look at your estimated net proceeds.
Does the Seller Always Pay the Montgomery County Transfer Tax?
Who pays the Montgomery County transfer tax can sometimes be a point of negotiation between the buyer and seller during the closing process.
Some Montgomery County home sales may be exempt, such as:
- When property is transferred to a state agency, the state itself, or a political subdivision within the state.
- When property is transferred between family members or domestic partners, such as to a spouse, son, daughter, stepson, stepdaughter, parent, sibling, grandchild, grandparent, or a domestic partner
Make Buying and Selling Easier: Most Montgomery County 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 Montgomery County Home Sale
Here are some additional tools to help you plan your Montgomery County home sale:
- Net Proceeds Calculator
- Map of recently sold homes in Montgomery County
- 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 Montgomery County home in 24 hours. If you accept the offer, you can close in as few as 10 days. Answer a few questions about your Montgomery County home to get started. Along with your cash offer, you’ll also receive an expert estimate of what a top Montgomery County 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: