Virginia charges grantor tax when a deed is recorded: 50 cents for each $500 of the greater of the sale price or value, about 0.1%. State recordation taxes and, where adopted, local recordation taxes are separate. Exemptions and transfer details can change the figures; the settlement agent confirms the amounts.
When you sell to us, we pay the closing costs, including Virginia state and local recordation taxes, grantor tax and any applicable regional WMATA capital fee, regional congestion relief fee or regional transportation improvement fee.
The seller's mortgage, liens, back taxes, or share of current property taxes are separate from the closing costs we pay; those are separate sale amounts.
Virginia grantor-tax law · Virginia state recordation-tax law · Virginia local recordation-tax law