Real Estate News & Market Insights:
Tennessee Transfer Tax Calculator: What to Expect
This simple calculator can help home sellers in Tennessee estimate their transfer taxes. To get a ballpark idea of the transfer fees you might pay in the Volunteer State, enter your home’s estimated selling price above.
Need a selling price? Try HomeLight’s free Home Value Estimator to see what your house might be worth. To receive a more accurate listing price, contact a top Tennessee real estate agent and request a Comparative Market Analysis (CMA), a report that will compare your home against nearby listed and recently sold properties.
How the Tennessee Transfer Tax is Calculated
Tennessee’s transfer tax, known as a Real Estate Transfer Tax, is calculated at a rate of $0.37 per $100 for real estate transfers. Quitclaim deeds are exempt from transfer taxes in Tennessee.
For example, if you sold your home for $380,000 (Tennessee’s median home price), you could expect to pay $1,406 in Tennessee transfer taxes.
»Learn more: Understanding Tennessee’s Transfer Tax: A Quick Guide
Does the Seller Always Pay the Tennessee Transfer Tax?
While it’s customary for the seller to pay the Tennessee Realty Transfer Tax, who pays can sometimes be a point of negotiation between the buyer and seller during the closing process.
Some Tennessee home sales may be exempt, such as:
- Government Entities (Federal Government)
- Mergers, Consolidations, Sales, or Transfers of Assets of Corporations
- Health and Educational Facility Corporations
- Credit Unions
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