Transfer Tax

This tax is levied by the County any time real property is conveyed. This tax is paid at the time of recording and is usually paid by the Seller however, in some cases the Buyer and Seller may split the cost. The tax is based on the sales price and is usually charged per $500 or $1,000 of the sales price. Some cities also have a transfer tax that is charged in addition to the county tax and typically will be paid together. In some cases a separate check may need to be mailed to the city. Your escrow officer will advise you on the payment of this tax and the amount.