Who Pays Transfer Taxes at Closing in Washington D.C.?

In Washington D.C., the transfer tax, also known as the recordation and transfer tax, is split between the buyer and the seller. For residential properties under $400,000, the buyer pays 1.1% of the sale price and the seller pays 1.45%. For residential properties greater than $400,000, the buyer pays 1.45% of the entire amount and the seller pays 1.45%.

The specific allocation of transfer tax payments can be negotiated as part of the purchase agreement. Consult with a real estate attorney to ensure the terms are clearly defined and protect your interests.

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