San Francisco Transfer Tax Rates are based on Sale Price!

Not sure if all you sellers are aware, the transfer tax in SF is based on the purchase price. Here is how it’s calculated…

Housing Price Range : Calculation

$100.01 – $250k : $5/$1000 of property value

$250,000.01 – $999,999,99 : $6.80/$1000 of property value

$1 mil + : $7.50/$1000 of property value

As a note, in San Francisco, it’s customary for the seller to pay the transfer taxes.  Rarely buyers may pay if it’s a new construction.

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