Transfer tax is a tax that is imposed on the transfer of ownership of a property. The tax is typically based on the value of the property, and it is paid by the person transferring the property. The amount of the tax and the party responsible for paying it can vary depending on the jurisdiction. In some places, the buyer is responsible for paying the transfer tax, while in others, it is the seller. Some states in the US have transfer tax, while others don't. Transfer tax also known as "stamp duty" in some countries, can be a significant cost when buying or selling a property.
Back
What does transfer tax mean?
Related terms
Realtist
Financing Contingency
Certificate of Occupancy
Standard Payment Calculation
Option
Designer
Offer
Verification of Employment
Conditional Commitment
Rack
Low-Ball Offer
Treasury Index
Rate-Improvement Mortgage
Title
Semi-Custom Home
Accelerated Cost Recovery System
Zero-Lot Lines
Estimated Gross Costs of Buying
Ready to sell smarter, buy better, and save more?
Join thousands of homeowners who skipped the 6% commission and buyers who received cash back on their next home purchase — all on their terms.
$232M+ saved by
our users.
"They are a business unlike any other. The process was smooth, transparent, and saved me a fortune."
"I was very impressed with this company. Would highly recommend to anyone selling their home."
"With love and gratitude, Mission Accomplished. Beycome made it happen for us."
"Beycome saved us thousands. The platform is simple and the team is incredibly supportive."
"I sold my home in 3 weeks for full asking price. Beycome is the real deal."
"No agent, no commission, no stress. Just results. Beycome delivered on every promise."
"We were skeptical at first but Beycome made selling our home completely painless."
"Best decision we made. The MLS listing got us multiple offers within days."
"They are a business unlike any other. The process was smooth, transparent, and saved me a fortune."
"I was very impressed with this company. Would highly recommend to anyone selling their home."
"With love and gratitude, Mission Accomplished. Beycome made it happen for us."
"Beycome saved us thousands. The platform is simple and the team is incredibly supportive."
"I sold my home in 3 weeks for full asking price. Beycome is the real deal."
"No agent, no commission, no stress. Just results. Beycome delivered on every promise."
"We were skeptical at first but Beycome made selling our home completely painless."
"Best decision we made. The MLS listing got us multiple offers within days."