Virginia Title Insurance, Transfer Tax & Recordation Calculator
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.
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
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.