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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 levied by state or local governments when property ownership is transferred.<\/p>\n
According to the Federal Trade Commission<\/a>, these taxes are due when the title to a property, essentially the document confirming legal ownership, is officially transferred to a new owner.<\/p>\n The amount owed in transfer taxes can vary widely based on the property’s location, as different states, counties, and cities establish their own rates and regulations. Transfer taxes primarily serve as a revenue source for local and state governments, funding various public services and infrastructure projects.<\/p>\n Sellers are responsible for paying for transfer taxes in San Joaquin County.<\/p>\n Transfer taxes generally vary according to local regulations but can typically be categorized into three types: state, city, and county. Here\u2019s a brief overview of how this works in San Joaquin County.<\/p>\n For property transfers in California, a documentary transfer tax of $0.55 per $500 (or $1.10 per $1,000) of the property\u2019s sales price is applied. Additional taxes may apply depending on your specific location in California.<\/p>\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