Maryland Transfer Tax Calculator: What to Expect
This simple calculator can help home sellers in Maryland estimate their transfer taxes. To get a ballpark idea of the transfer fees you might pay in the Free 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 Maryland real estate agent and request a Comparative Market Analysis (CMA), a report that will compare your home against nearby listed and recently sold properties.
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.See a full cost and proceeds breakdown
How the Maryland Transfer Tax is Calculated
Maryland’s transfer tax is .5% of the actual consideration unless the buyer is a first-time Maryland home buyer purchasing a principal place of residence; in that case, the transfer tax rate is .25% of the actual consideration. This is typically split between the buyer and the seller, but can be negotiated during the transaction.
For example, if you sold your home for $497,000 (Maryland’s median home price), you could expect to pay $2,485 (not a first-time home buyer) or $1,242.50, if the buyer is a first-time home buyer.
»Learn more: Understanding Maryland’s Transfer Tax: A Quick Guide
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