D.C.
1.45% for all residential properties priced at $400,000 or more and all
commercial properties and 1.1% for all residential properties $399,999 and
under - Oct 1, 2006 effective date
Residential Property Tax Rate Now $0.88 per $100 of assessed value (down
from $0.92) - this will be reflected in the March 2007 tax bill
Homestead Exemption $63,000 (up from $60,000) - Oct 1, 2006 effective date
**Latest Information Available
Montgomery County Maryland
State transfer tax is one half of one percent of sale price (reduced to ΒΌ%
paid by Seller if Buyer is first-time Maryland Owner-Occupant)
County transfer tax is 1% of sale price
Recordation tax is $6.90 per $1,000 of sale price (first $50,000 of purchase
price is exempt if Buyer occupies as principal residence for at least 7 months
of first 12 months immediately following closing)
**Latest Information Available
Prince George's County Maryland
State transfer tax is one half of one percent of sale price (reduced to
¼% paid by Seller if Buyer is first-time Maryland Owner-Occupant)
County transfer tax is 1.4% of sale price
Recordation tax is $4.40 per $1,000 of sale price
**Latest Information Available
Virginia
To record deed $3.40 per $1,000 of sales price plus $33
To record 1st trust $3.40 per $1,000 of total loan amount plus $31 (ARMs
will be approximately $15 more)
To record 2ns trust $3.40 per $1,000 of loan amount plus $31
Otherwise, it will vary by county and city, check with the title company.
**Latest Information Available
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