Virginia Title Insurance, Transfer Tax & Recordation Calculator

Virginia State FlagTitle Insurance rates are not regulated by the State of Virginia, therefore, title rates can vary between title insurers. The State of Virginia has three transfer taxes and two recordation taxes (think of the recordation tax as a mortgage tax stamp). The buyer typically pays the state and county deed transfer tax. The seller pays a transfer tax to the state, also known as the VA Grantor tax. Should there be a mortgage on the property, the buyer will pay a recordation tax to the State of Virginia and the county. Please send me an E-mail if you see an error or want to make a comment.

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  Virginia Title Insurance and Transfer Tax Calculator
  Where is the property located?  
  Selling price of property  
  Assessed Valuation*  
  Mortgage Amount  
  * Enter the property assessed valuation. The state & county deed transfer tax is calculated on the GREATER of the Assessed Valuation or Sales Price!!!  
  Transfer & Recordation Tax
  DEED TRANSFER TAX BUYER SELLER  
  State transfer tax  
  City/County transfer tax  
  Total Deed Transfer Tax  
 
  DEED OF TRUST (Mortgage) TAX  
  State mortgage stamps  
  City/County mortgage stamps  
  Total Recordation Tax  
 
  GRANTOR (Seller) Transfer Tax  
  Congestion Relief Fee  
  TOTAL  
  Title Insurance
  Trid calculator for Virginia
  CFPB Owner's Title Policy Disclosure Calculation
  Basic Owner's Policy (Actual Premium)  
  Simultaneous Loan Policy (Actual Premium)  
  Stand-alone Loan Policy (Actual Premium)  
  CFPB - Owner's Policy Disclosed Amount  
  Title Insurance Premium Adjustment  
  TOTAL Title Insurance Premium  
  Title Insurance Endorsements
  Closing protection letter $20.00  
 
  Lender's Endorsements
  ALTA 22 - Location No Charge  
  ALTA 4 - Condominium No Charge  
  ALTA 4.1 - Condominium No Charge  
  ALTA 5 - Planned Unit Development No Charge  
  ALTA 5.1 - Planned Unit Development No Charge  
  ALTA 6 - Variable Rate Mortgage No Charge  
  ALTA 7 - Manufactured Housing Unit No Charge  
  ALTA 8.1 - Environmental Protection Lien No Charge  
  ALTA 9 - Restrictions, Encroachments, Minerals No Charge  
 
  Estimated Settlement Fees
 
  Title Closing Fee $450.00  
  Title Examination Fee $175.00  
  Title Insurance Binder Fee $150.00  
  Title Recording Service Fees $50.00  
  Mortgage Recording Fee $56.00  
  Deed Recording Fee $43.00  

Who pays the transfer and recordation tax in Virginia?

The home seller typically pays the state transfer tax, called the grantor's tax. The cost is one percent, or $1.00/$1,000 of the transaction amount.

In the Northern Virginia region, the Commonwealth levies an additional grantor's tax of $0.15 per $100 (or portion of $100) of the sales price or fair market value of the property, excluding any liens or encumbrances. The seller usually pays this tax if applicable.

The buyer/borrower is responsible for the State, County/City Transfer Tax and the State, County/City Mortgage Tax. Ouch!

Who Sets the Rates for Title Insurance in Virginia?


Title insurance firms set their own prices and may work with any prospective insured to get a better deal.
You should search around to see which business offers the most affordable prices.

You may want to ask about costs for additional related services, such as title search, title examination, title commitment preparation, settlement fees, release fees, notary fees, courier fees, and document preparation fees, in order to conduct a fair cost comparison.

SOURCE: Title Insurance Consumer’s Guide