Maryland's state transfer tax is 0.5% of the sale price. Carroll County sets its own recordation-tax rate, and a county transfer tax may also apply. These taxes are generally split between buyer and seller unless the contract says otherwise.
If the buyer is a first-time Maryland home buyer who will live in the house, the state transfer-tax rate is 0.25%, and the seller pays the state transfer tax, recordation tax, and any local transfer tax unless the parties expressly agree otherwise. Some transfers are exempt.
When you sell to us, we pay the closing costs, including Maryland's state transfer tax, recordation tax and any applicable county transfer tax.
Maryland state transfer-tax law, §13-203 · County recordation-tax law, §12-103 · Transfer-tax allocation law, §14-104