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\n <\/div>\n \n Connect with a Top Agent to Help Maximize Value<\/h3>\n
Even rockstar agents can’t make your tax liability disappear, but HomeLight data shows that the top 5% of agents across the U.S. help clients sell their home for as much as 10% more than the average real estate agent, helping offset the tax bill.<\/p>\n \n
What are transfer taxes?<\/h2>\n
Real estate transfer taxes are a fees imposed by state or local governments when ownership of a property is transferred from one party to another. According to the Federal Trade Commission<\/a>, these taxes apply at the time of sale and are based on the transfer of the title, which represents the legal ownership of the property.<\/p>\n The amount owed in transfer taxes varies depending on where the property is located, as each state, county, or city sets its own tax rates and rules. These taxes, like others, are designed to generate revenue<\/a> to fund public services and government operations.<\/p>\n