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State Real Estate Transfer Taxes

Source: www.taxadmin.org
Topic: Real Estate Taxes

Sort Desciption: In FY 2004, real estate transfer taxes produced about $7 billion in state tax revenue ... determined by the tax rate, relative real estate prices, and ...

Content Inside: B-03/06 February 16, 2006 State Real Estate Transfer Taxes Summary The attached table presents information gathered by the Federation of Tax Administrators regarding state taxes levied on the sale or transfer of real property located in the state. Thirty-five states plus D.C. impose a real estate transfer. Tax rates range from a low of 0.01 percent in Colorado to a high of 2.2 percent in D.C. In about 2/3 of the states imposing the tax, the rate is below 0.5 percent of the value of the transfer. To: State Tax Administrators The attached table presents information gathered by the Federation of Tax Administrators regarding state taxes levied on the sale or transfer of real property located in ...

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