Free Gadsden, Alabama seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Gadsden, Alabama (Etowah County). The calculator applies the local rates for you.
- Median home value
- $101,900
- Transfer tax on $100,000
- $20
- Seller costs on $100,000
- About $6,240
- Median property tax bill
- $526 a year
- County
- Etowah County
- Population
- 33,086
Gadsden transfer tax
On a $100,000 sale in Gadsden, transfer taxes come to $20: Deed recording tax. By custom the seller pays it. A buyer who finances 80% of the price also pays $120 in mortgage taxes (Mortgage recording tax).
| Tax | Rate | Paid by | On $100,000 |
|---|---|---|---|
| Deed recording tax | $0.50 per $500 of price above the new mortgage | Seller | $20 |
| Mortgage recording tax | $0.15 per $100 | Buyer | $120 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $100,000 local median value | $20 | $0 | $20 |
| $250,000 | $50 | $0 | $50 |
| $500,000 | $100 | $0 | $100 |
| $1,000,000 | $200 | $0 | $200 |
Example Gadsden seller net sheet
A $100,000 sale, close to Gadsden's median home value of $101,900, with a 5% commission and a $60,000 mortgage payoff. Seller costs come to about $6,240, or 6.2% of the price.
| Line | Seller |
|---|---|
| Sale price | $100,000 |
| First mortgage payoff | −$60,000 |
| Real estate commission (5%) | −$5,000 |
| Deed recording tax | −$20 |
| Owner's title insurance policy | −$450 |
| Settlement / closing fee | −$350 |
| Seller's attorney fee | −$350 |
| Release / satisfaction recording | −$25 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $33,760 |
Who pays what in Gadsden
Gadsden closings follow Etowah County customs. In Etowah County, the seller customarily pays the owner's title policy. The settlement fee is customarily split between buyer and seller. Closings are usually handled by an attorney, and each side normally has its own attorney.
Property taxes in Gadsden
The median property tax bill for homeowners in Gadsden is $526 a year, about 0.52% of the median home value of $101,900 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Fiscal year Oct 1-Sep 30, billed Oct 1 in arrears; seller credits buyer.
Rates verified 2026-09-29. Home value and tax bill: Census Bureau American Community Survey, 2019–2023. A net sheet is an estimate; final figures come from the title company.
Gadsden seller questions
How much is the transfer tax in Gadsden, Alabama?
On a $100,000 sale in Gadsden, transfer taxes come to $20: Deed recording tax. By custom the seller pays it. A buyer who finances 80% of the price also pays $120 in mortgage taxes (Mortgage recording tax).
How much are seller closing costs in Gadsden?
On a $100,000 sale, close to the median home value in Gadsden, with a 5% commission, estimated seller costs are about $6,240 (6.2% of the price). Without commission they are about $1,240. The loan payoff and property tax proration change the final number.
What county is Gadsden in, and does it matter at closing?
Gadsden is in Etowah County, Alabama. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Etowah County, the seller customarily pays the owner's title policy. The settlement fee is customarily split between buyer and seller.
How much are property taxes in Gadsden?
The median property tax bill for homeowners in Gadsden is $526 a year, about 0.52% of the median home value of $101,900 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Fiscal year Oct 1-Sep 30, billed Oct 1 in arrears; seller credits buyer.
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