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2016-2019 Concierge Mortgage, LLC.®. All Rights Reserved. Equal Housing Lender. This is not a commitment to lend.

Concierge Mortgage LLC. NMLS# 1451316 is licensed in the following states:  Maryland Mortgage Lender License # 22031, Pennsylvania Mortgage Broker License #57084, Virginia Broker License # MC-6700, Delaware Broker License # 022349, Florida License/Registration # MBR2232 and District of Columbia Mortgage Broker License # MLB1451316.

Virginia

Recordation tax (a.k.a. transfer tax) is calculated by purchase price

Deed Tax = $3.33 per $1000 of Purchase Price
Trust Tax = $3.33 per $1000 of loan amount

Delaware
Purchase
New Castle, Kent, & Sussex County
City Deed Transfer Tax= 1.5% of the sales/purchase price. 
Buyer and Seller split 50/50

State Deed Recordation Transfer Tax= 1.5% of the sales/purchase price. 
Buyer and Seller split 50/50

Washington, DC

Purchase
Washington, D.C. purchase:
Deed Transfer Tax= 1.1% of the sales/purchase price up to $400,000,
1.45% of the sales price over $400,000.  Seller typically pays.

Deed Recordation Tax= 1.1% of the sales/purchase price up to $400,000,
1.45% of the sales price over $400,000.  Buyer typically pays.

Florida
Florida intangible tax is a Florida state tax which is levied on lended money and is due and collected at the closing of your loan. On any bank, credit union or finance company loan (for property or otherwise), a note is created. The note is the document that creates and explains the debt, shows the loan amount and explains how the debt will be repaid. Intangible tax is calculated on the loan amount shown in the note. Not all states require intangible tax on loans, and those that do can vary in the amount. Florida's fee amount for this tax is $.20 per $100 or $2 per $1,000 of lended money.

Pennsysvania
The State of Pennsylvania charges 1% of the sales price and the municipality and school district USUALLY charge 1% between them for a total of 2% (i.e. 2% X 100,000 = $2,000). By custom, the buyer and seller split the cost. 1% to buyer, 1% to seller; however payment is dictated by the sales contract. Some municipalities and/or school districts charge more or less.