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Are Real Estate Transfer Taxes Deductible?

It's a simple question—but not always a simple answer.


[Updated: Feb 04, 2021 ] Aug 29, 2019 by Amanda Sapio

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State Transfer Tax Who Pays the Tax?
California $0.55 per $500 Variable, but typically paid by the seller
Florida Home's sale price/$100 x .70 Variable, but typically paid by the seller
New York Homes below $3M: 0.4% Homes above $3M: 0.65% Variable, but typically paid by the seller
North Carolina  $1 per $500 Variable, but typically paid by the seller
Colorado   1–2%, depending on which part of Colorado you're in Typically split between the buyer and seller
Pennsylvania  2% of the home's sale price Split 50/50 between buyer and seller

Data Source: Clever

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