For a taxable sale, Iowa’s real estate transfer tax is 80 cents for each $500, or fraction of $500, of the price above the first $500. The person conveying the property—normally the seller—is liable under the statute, and the county Recorder will not record the deed until the tax is paid. Exemptions apply to some transfers.
Before signing, ask the closing professional to confirm whether an exemption applies, the taxable amount, any required filing, and how the written sale terms assign payment. When you sell to us, we pay the closing costs, including Iowa real estate transfer tax. That payment does not cover your mortgage, liens, back taxes, or share of current property taxes.