Free Panama City Beach, Florida seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Panama City Beach, Florida (Bay County). The calculator applies the local rates for you.
- Median home value
- $417,800
- Transfer tax on $420,000
- $2,940
- Seller costs on $420,000
- About $27,234
- Median property tax bill
- $2,473 a year
- County
- Bay County
- Population
- 19,955
Panama City Beach transfer tax
On a $420,000 sale in Panama City Beach, transfer taxes come to $2,940: Documentary stamp tax on deed. By custom the seller pays it. A buyer who finances 80% of the price also pays $1,848 in mortgage taxes (Documentary stamp tax on note (new mortgage) and Intangible tax on new mortgage).
| Tax | Rate | Paid by | On $420,000 |
|---|---|---|---|
| Documentary stamp tax on deed | $0.70 per $100 | Seller | $2,940 |
| Documentary stamp tax on note (new mortgage) | $0.35 per $100 | Buyer | $1,176 |
| Intangible tax on new mortgage | $2.00 per $1,000 | Buyer | $672 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $1,750 | $0 | $1,750 |
| $420,000 local median value | $2,940 | $0 | $2,940 |
| $500,000 | $3,500 | $0 | $3,500 |
| $1,000,000 | $7,000 | $0 | $7,000 |
Example Panama City Beach seller net sheet
A $420,000 sale, close to Panama City Beach's median home value of $417,800, with a 5% commission and a $250,000 mortgage payoff. Seller costs come to about $27,234, or 6.5% of the price.
| Line | Seller |
|---|---|
| Sale price | $420,000 |
| First mortgage payoff | −$250,000 |
| Real estate commission (5%) | −$21,000 |
| Documentary stamp tax on deed | −$2,940 |
| Owner's title insurance policy | −$2,175 |
| Settlement / closing fee | −$550 |
| Release / satisfaction recording | −$18.50 |
| Title search and examination | −$200 |
| Municipal lien search | −$150 |
| Deed preparation | −$150 |
| Wire / courier / payoff processing | −$50 |
| Estimated net before property tax prorations | $142,766.50 |
Who pays what in Panama City Beach
Panama City Beach closings follow Bay County customs. Seller customarily pays the owner's policy and chooses the closing agent in Bay County. The settlement fee is paid by each side for its own closing. Closings are usually handled by a title company or attorney.
Property taxes in Panama City Beach
The median property tax bill for homeowners in Panama City Beach is $2,473 a year, about 0.59% of the median home value of $417,800 (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. Bay County Tax Collector bills Nov 1 (4% discount in Nov, 3% Dec, 2% Jan, 1% Feb; due Mar 31).
Rates verified 2026-09-30. 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.
Panama City Beach seller questions
How much is the transfer tax in Panama City Beach, Florida?
On a $420,000 sale in Panama City Beach, transfer taxes come to $2,940: Documentary stamp tax on deed. By custom the seller pays it. A buyer who finances 80% of the price also pays $1,848 in mortgage taxes (Documentary stamp tax on note (new mortgage) and Intangible tax on new mortgage).
How much are seller closing costs in Panama City Beach?
On a $420,000 sale, close to the median home value in Panama City Beach, with a 5% commission, estimated seller costs are about $27,234 (6.5% of the price). Without commission they are about $6,234. The loan payoff and property tax proration change the final number.
What county is Panama City Beach in, and does it matter at closing?
Panama City Beach is in Bay County, Florida. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. Seller customarily pays the owner's policy and chooses the closing agent in Bay County. The settlement fee is paid by each side for its own closing.
How much are property taxes in Panama City Beach?
The median property tax bill for homeowners in Panama City Beach is $2,473 a year, about 0.59% of the median home value of $417,800 (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. Bay County Tax Collector bills Nov 1 (4% discount in Nov, 3% Dec, 2% Jan, 1% Feb; due Mar 31).
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