![\"homelight](\"https:\/\/www.homelight.com\/blog\/wp-content\/themes\/ccprototypev5\/images\/logo-small-cta.png\"){kind=logo}
\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
The Federal Trade Commission<\/a> defines transfer taxes as a \u201c\u200b\u200bstate or local tax payable when title to property passes from one owner to another.\u201d<\/p>\n When you pass the title of your home \u2014 your legal right to own the property \u2014 to someone else, the government charges a tax on this exchange.<\/p>\n Where your property is located will determine what you’ll owe in transfer taxes according to local state, county, or city guidelines. Like other taxes, transfer taxes are designed to generate revenue<\/a>. They will vary in complexity based on the city, state, or county where the transaction takes place.<\/p>\n Transfer tax liability depends on the municipality in which the transaction occurs. It can fall to the buyer or the seller in California, sometimes both.<\/p>\n In Riverside County, transfer tax liability falls to the seller.<\/p>\n Transfer taxes are generally divided into three categories: state, city, or county transfer taxes. These are sometimes called \u201cdocumentary stamp taxes\u201d or \u201crecordation fees\u201d, but they are all essentially the same thing. Here\u2019s a brief look at how it works in Riverside County.<\/p>\n State transfer taxes are the only one-size-fits-all tax for home sales in California. Everything is location-dependent.<\/p>\n The Golden State levies a California transfer tax of $0.55 per every $500 of the home\u2019s value<\/a>. For example, a seller in Tahoe who sells their property for the median home price of $695,000<\/a> will pay the same tax rate as a seller in Orange who sells their home for the local median home price of $1,070,000<\/a>.<\/p>\n Riverside County transfer taxes are levied at a rate of $1.10 per $1,000 of the property’s value (or $0.55 per $500), essentially the same rate as the statewide tax. This is in addition to the state\u2019s transfer tax rate.<\/p>\n","protected":false},"excerpt":{"rendered":" Learn about the Riverside County transfer tax: How it affects your property sale, possible exemptions, and how it can impact your bottom line.<\/p>\n","protected":false},"author":358,"featured_media":58338,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","cybocfi_hide_featured_image":"","footnotes":""},"categories":[1198,322,341],"tags":[979,1840,1201,977],"class_list":["post-58336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-california-real-estate","category-logistics","category-closing","tag-real-estate-transfer-tax","tag-riverside-county-transfer-tax","tag-selling-a-house-in-southern-california","tag-transfer-tax"],"acf":[],"yoast_head":"\nWho pays for transfer taxes?<\/h2>\n
What are the types of transfer taxes?<\/h2>\n
State transfer taxes<\/h3>\n
County transfer taxes<\/h3>\n