The information below is courtesy of Federal Title. You can find the complete page here.

Washington, DC

Purchase Transactions

• DC Recordation is calculated using the purchase price.Transactions $399,999 and under are taxed at the rate of 1.1% of the purchase price.

  Example: $300,000 x 1.1% = $3,300. So the buyer and seller would each pay $3,300 for a total of $6,600 paid to DC.Transactions $400,000 and above are taxed at the rate of 1.45% of the purchase price.

  Example: $500,000 x 1.45% = $7,250. So the buyer and seller would each pay $7,250 for a total of $14,500 paid to DC.

  Please Note: For transactions on or after October 1, 2006, DC Transfer/Recordation Tax will increase to 1.45% for transactions in the amount of $400K and above. All residential transactions under $400K will remain at 1.1%. All commercial transactions will be 1.45%.

  See information about the DC Tax Abatement Program here: DC Tax Abatement Program

Refinance Transactions

• Residential Properties are exempt; DC does not tax a Deed of Trust so long as the property is Class I or Class II (i.e., residential).

Recording Fees

• $26.50 for the first two pages and $7 for each page thereafter. This generally results in a total recording cost of approximately $290 on purchases and approximately $215 on refinances.

Property Taxes

Taxes are paid semi-annually, the two tax periods are:

• Taxes due on 3/15 for the period of 10/1 - 3/31
• Taxes due on 9/15 for the period of 4/1 - 9/30

Virginia

Purchase Transactions - All Counties

• Deed Tax = $3.33 per $1000 of Purchase Price.
• Trust Tax = $3.33 per $1000 of loan amount.

Refinance Transactions - All Counties

Trust Tax = $3.33 per $1000 of loan amount.

If payoff lender is same as new originating lender, borrower pays $2 per $1000 only on the difference of increase of loan amount.

Recording Fees $33.00 to record a deed and $66.00 to record a mortgage, regardless of the number of pages in the documents. This generally results in a total recording charge of approximately $99 for both purchases and refinances.

Property Taxes Taxes are paid semi-annually, due dates vary by county. A few counties are outlined below: