Virginia’s grantor tax is generally 50 cents for each $500, or fraction of $500, of the greater of the sale price or value. Virginia Beach also has a regional transportation improvement fee; separate Virginia state and, where adopted, local recordation taxes may apply. Exemptions, the transaction, and the contract can affect the amount or who pays, so ask the settlement agent to confirm the figures. 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. This does not pay your mortgage, liens, back taxes, or your share of current property taxes.