By default, LodeStar will quote the transfer taxes on the respective payee side based on what is most common in that state. Again, these are LodeStar's defaults, but we do have the ability to make updates based on how you'd like to quote transfer taxes within your calculator.
| How are they paid? |
States |
| Buyer Paid | AL, CO, FL, GA, OK'*', TN, VT |
| Seller Paid | CA*, CT, HI, IL, IA, KY, LA, MA**, MI, NE, NV, NJ", NC, OH^^, RI+, SC""", SD, WA, WV', WI |
| Split | AR, DC, DE, ME, MD, MN^, NH, NY"", OR***, PA, VA^^^ |
| No transfer taxes | AK, AZ, ID, IN, KS, MS, MO, MT, NM, ND, TX, UT, WY |
* Some townships have buyer paid taxes.
** Buyer paid Land Bank Tax is applicable in certain counties.
^ Deed Tax seller paid, Mortgage Tax is buyer paid.
" If certain conditions are met, the Mansion Tax payable by buyer may be due
"" Deed Tax is seller paid, Mortgage Tax is buyer/ lender paid, Mansion Tax may be due if conditions are met.
^^Parcel Transfer Fee (Deed Tax) is buyer paid.
*** Transfer taxes only due in Washington County.
+ Borrower paid city taxes due in Providence and New Shoreham Counties.
""" Borrower paid city taxes due in Hilton Head County.
^^^ County and State Grantor Taxes are seller paid, all other taxes are buyer paid
' $20 West Virginia Housing Fund Fee is bundled into the Deed Tax.
'*' State Deed Tax is quoting on the seller's side.
As mentioned, we do have the ability make changes for specific states. Please refer to this support article to see what changes and customizations can be made. If you'd like to make updates please reach out to support@lssoftwaresolutions.com.