Iowa Transfer Tax Calculator: What to Expect
This simple calculator can help home sellers in Iowa estimate their transfer taxes. To get a ballpark idea of the transfer fees you might pay in the Hawkeye State, enter your home’s estimated selling price above.
Need a selling price? Try HomeLight’s free Home Value Estimator to see what your house might be worth. To receive a more accurate listing price, contact a top Iowa real estate agent and request a Comparative Market Analysis (CMA), a report that will compare your home against nearby listed and recently sold properties.
See a full cost and proceeds breakdown
A top real estate agent can provide you with a Seller’s Net Sheet that breaks down all the costs of selling your home, along with an estimate of the proceeds you can expect. Use HomeLight’s free Agent Match platform to find a trusted local agent with excellent reviews and a proven track record.
How the Iowa Transfer Tax is Calculated
Iowa’s transfer tax, known as a Real Estate Transfer Tax, is calculated at $0.80 for every $500 of the property’s sale price, with the first $500 exempt from tax.
Revenue is distributed as follows: 65% to the general fund, 30% to the housing trust fund, and 5% to the shelter assistance fund.
For example, if you sold your home for $231,000 (Iowa’s median home price), you could expect to pay approximately $368.80 in Iowa transfer taxes.
»Learn more: Understanding Iowa’s Real Estate Transfer
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