Rhode Island transfer tax calculator

Rhode Island charges $3.75 for every $500 of the sale price. On a home, the part of the price above $824,000 is taxed at double that. Both rates rose from $2.30 on October 1, 2025.

Sale price

State

Mortgage payoff (what you still owe)

Agent commission

Other closing costs

Other closing costs cover title, escrow or attorney fees and recording. One percent is a common planning figure.

Estimated net proceedsRhode Island · Rates verified November 2026

Pay to the order ofYou, the seller$371,000

Three hundred seventy-one thousand and 00/100 dollars

$400,000 sale, less $29,000 in costs and payoff

Itemised estimate
Sale price	$400,000
Agent commission	-$22,000
Transfer taxRate: $3.75 per $500 (0.75%), and 1.5% on the part above $824,000. Usually paid by the seller.	-$3,000
Other closing costs	-$4,000
Mortgage payoff	$0
You keep	$371,000

How transfer tax works in Rhode Island

Rate: $3.75 per $500 (0.75%), and 1.5% on the part above $824,000
Who usually pays: The seller, unless the contract says otherwise.
Local taxes: None.
Official source: Rhode Island Division of Taxation, Advisory 2026-02
Last verified: November 2026

The $824,000 line applies to 2026. It is adjusted for inflation every January 1.

Rhode Island transfer tax at common sale prices

Sale price	Total transfer tax	Seller's usual share	Seller keeps before mortgage payoff
$150,000	$1,125	$1,125	$139,125
$250,000	$1,875	$1,875	$231,875
$400,000	$3,000	$3,000	$371,000
$600,000	$4,500	$4,500	$556,500
$1,000,000	$8,820	$8,820	$926,180

Assumes a 5.5% agent commission and 1% in other closing costs. Change any figure in the calculator above.

Questions Rhode Island sellers ask

How much is transfer tax in Rhode Island?

Rhode Island charges $3.75 per $500 (0.75%), and 1.5% on the part above $824,000. On a $400,000 sale the total comes to $3,000, and the seller's usual share is $3,000.

Who pays the transfer tax in Rhode Island, the buyer or the seller?

The seller, unless the contract says otherwise.

Are there city or county transfer taxes in Rhode Island?

No. The rate is the same everywhere in Rhode Island.

How do I estimate my net proceeds in Rhode Island?

Start with the sale price, then subtract the agent commission, your share of the transfer tax, title and closing fees, and the balance left on your mortgage. On a $400,000 sale with a 5.5% commission and 1% in other costs, a Rhode Island seller keeps about $371,000 before paying off the mortgage.

Buying in Rhode Island instead? See taxes when buying a house in Rhode Island.

More on the basics: What closing costs does a seller pay?, Who pays the transfer tax, the buyer or the seller?, How to calculate net proceeds from a home sale.