Vermont transfer tax calculator
Vermont's property transfer tax is the buyer's to pay, so the seller normally owes none. A buyer who will live in the home pays 0.5% on the first $200,000 and 1.47% above that. A second home is taxed at 3.62% of the whole price.
How transfer tax works in Vermont
- Rate
- 0.5% on the first $200,000, then 1.47% (paid by the buyer)
- Who usually pays
- The buyer, under state law, unless the contract shifts it.
- Local taxes
- There are no town or county transfer taxes. The rate depends on the buyer's use of the home.
- Official source
- Vermont Statutes Title 32, section 9602
- Last verified
- The 1.47% rate is 1.25% plus a 0.22% clean water surcharge.
- The $200,000 line and the second-home rate took effect on August 1, 2024.
Vermont transfer tax at common sale prices
| Sale price | Total transfer tax | Seller's usual share | Seller keeps before mortgage payoff |
|---|---|---|---|
| $150,000 | $750 | $0 | $140,250 |
| $250,000 | $1,735 | $0 | $233,750 |
| $400,000 | $3,940 | $0 | $374,000 |
| $600,000 | $6,880 | $0 | $561,000 |
| $1,000,000 | $12,760 | $0 | $935,000 |
Assumes a 5.5% agent commission and 1% in other closing costs, at the "Buyer's main home" rate. Change any figure in the calculator above.
Local rates in Vermont
| Buyer's use | Total tax on a $400,000 sale | Seller's usual share |
|---|---|---|
| Buyer's main home | $3,940 | $0 |
| Second home (not a long-term rental) | $14,480 | $0 |
Questions Vermont sellers ask
How much is transfer tax in Vermont?
Vermont charges 0.5% on the first $200,000, then 1.47% (paid by the buyer). On a $400,000 sale the total comes to $3,940, and the seller's usual share is $0.
Who pays the transfer tax in Vermont, the buyer or the seller?
The buyer, under state law, unless the contract shifts it.
Are there local transfer taxes in Vermont?
There are no town or county transfer taxes. The rate depends on the buyer's use of the home.
How do I estimate my net proceeds in Vermont?
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 Vermont seller keeps about $374,000 before paying off the mortgage.
Buying in Vermont instead? See taxes when buying a house in Vermont.
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.
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