Free Gem County, Idaho seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Gem County. The calculator applies Idaho and Gem County rates for you.
- Median home value
- $367,300
- Transfer tax on $365,000
- None
- Seller costs on $365,000
- About $20,166
- Median property tax bill
- $1,443 a year
- Owner's title policy
- Seller pays
- Population
- 19,854
Gem County transfer tax
Idaho does not charge a real estate transfer tax, so there is none to pay on a home sale in Gem County.
Example Gem County seller net sheet
A $365,000 sale, close to the county's median home value of $367,300, with a 5% commission and a $220,000 mortgage payoff. Seller costs come to about $20,166, or 5.5% of the price.
| Line | Seller |
|---|---|
| Sale price | $365,000 |
| First mortgage payoff | −$220,000 |
| Real estate commission (5%) | −$18,250 |
| Owner's title insurance policy | −$1,336.25 |
| Escrow fee | −$500 |
| Release / satisfaction recording | −$30 |
| Wire / courier / payoff processing | −$50 |
| Estimated net before property tax prorations | $124,833.75 |
Who pays what in Gem County
In Gem County, the seller customarily pays the owner's title policy. The escrow fee is customarily split between buyer and seller. Closings are usually handled by an escrow company.
Property taxes in Gem County
The median property tax bill for homeowners in Gem County is $1,443 a year, about 0.39% of the median home value of $367,300 (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. Calendar year; halves due Dec 20 and Jun 20 (in arrears).
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 escrow company.
Gem County seller questions
How much is the transfer tax in Gem County, Idaho?
Idaho does not charge a real estate transfer tax, so there is none to pay on a home sale in Gem County.
How much are seller closing costs in Gem County?
On a $365,000 sale, close to the median home value in Gem County, with a 5% commission, estimated seller costs are about $20,166 (5.5% of the price). Without commission they are about $1,916. The loan payoff and property tax proration change the final number.
Who pays for title insurance and closing fees in Gem County?
In Gem County, the seller customarily pays the owner's title policy. The escrow fee is customarily split between buyer and seller. Closings are usually handled by an escrow company.
How much are property taxes in Gem County?
The median property tax bill for homeowners in Gem County is $1,443 a year, about 0.39% of the median home value of $367,300 (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. Calendar year; halves due Dec 20 and Jun 20 (in arrears).
Build your Gem County net sheet in minutes.
Free to use. No account needed to try it.