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How do I find out what transfer taxes should be?

I have been quoted everything from $25 to over $3,000.  Should I be able to find that out myself so I know what looks right on quotes?  I am refinancing.
  • November 08 2012 - US
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Answers (7)

Best Answer

State Mortgage Tax of $1045
  • November 10 2012
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The wide variety of quotes that I got are from escrow companies in my area.

  • November 10 2012
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zip: 20735
loan amt: $189,613.32
  • November 10 2012
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The wide range of quotes you have received could be due to the fact that some markets have more than one transfer tax/fee. 
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The quotes he is receiving would be based on his market; how could other markets be relevant to such a wide disparity?
  • November 08 2012
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I agree with Robert, contacting a title company or escrow company in your area is the easiest way to do this. If you have a relationship with a realtor, he or she will have access to this information as well. If you are refinancing and using a loan broker, the broker should have this information as well.

The wide range of quotes you have received could be due to the fact that some markets have more than one transfer tax/fee. In our market, we have county fees and some cities have fees of their own. They are usually based on purchase price of the home, so the actual amount varies based on the specific property.

But a title representative or realtor can help you with this and give you the specific info about your property.

Hope this helps.
  • November 08 2012
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Post your zip code and loan amount
  • November 08 2012
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Contact a title or escrow company in your area.
  • November 08 2012
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