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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 fees charged by the government when a property’s title is officially transferred from one owner to another. According to the Federal Trade Commission<\/a>, these taxes are assessed at the state or local level when ownership changes hands. The title represents your legal claim to the property, and when you sell your home, passing that claim to the buyer typically triggers a transfer tax.<\/p>\n The exact amount you\u2019ll owe depends on where your property is located, as each state, county, or municipality may have its own tax rate and rules. In general, transfer taxes are one of several costs that support public services and generate revenue<\/a> for local and state governments.<\/p>\n