Virginia Transfer Tax Calculator: What to Expect
This simple calculator can help home sellers in Virginia estimate their transfer taxes. To get a ballpark idea of the transfer fees you might pay in the [location nickname], 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 Virginia 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 Virginia Transfer Tax is Calculated
Virginia’s transfer tax, known as a Recordation Tax, is calculated at a rate of $0.25 per $100 or fraction thereof of the consideration or the actual value of the property conveyed, whichever is greater.
For example, if you sold your home for $458,000 (Virginia’s median home price), you could expect to pay $1,145 in Virginia transfer taxes.
Another Transfer Tax Virginia Sellers Typically Pay
Many counties and local governments also charge home sellers a real estate transfer tax. County and city rates in Virginia may also vary depending on the location. Any city or county may impose a recordation tax equal to 1/3 of the state recordation tax.
The state of Virginia also charges the seller a separate transfer tax. This is called a grantor tax.
»Learn more: Understanding Virginia’s Transfer Tax: A Quick Guide
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