Free Berea, Kentucky seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Berea, Kentucky (Madison County). The calculator applies the local rates for you.
- Median home value
- $178,000
- Transfer tax on $180,000
- $180
- Seller costs on $180,000
- About $9,271
- Median property tax bill
- $1,370 a year
- County
- Madison County
- Population
- 16,436
Berea transfer tax
On a $180,000 sale in Berea, transfer taxes come to $180: Real estate transfer (deed) tax. By custom the seller pays it.
| Tax | Rate | Paid by | On $180,000 |
|---|---|---|---|
| Real estate transfer (deed) tax | $0.50 per $500 | Seller | $180 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $180,000 local median value | $180 | $0 | $180 |
| $250,000 | $250 | $0 | $250 |
| $500,000 | $500 | $0 | $500 |
| $1,000,000 | $1,000 | $0 | $1,000 |
Example Berea seller net sheet
A $180,000 sale, close to Berea's median home value of $178,000, with a 5% commission and a $110,000 mortgage payoff. Seller costs come to about $9,271, or 5.2% of the price.
| Line | Seller |
|---|---|
| Sale price | $180,000 |
| First mortgage payoff | −$110,000 |
| Real estate commission (5%) | −$9,000 |
| Real estate transfer (deed) tax | −$180 |
| Release / satisfaction recording | −$46 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $60,729 |
Who pays what in Berea
Berea closings follow Madison County customs. In Madison County, the buyer customarily pays the owner's title policy. The settlement fee is customarily paid by the buyer. Closings are usually handled by a title company or attorney.
Property taxes in Berea
The median property tax bill for homeowners in Berea is $1,370 a year, about 0.77% of the median home value of $178,000 (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, billed Oct-Nov (2% discount in November); seller credits buyer for Jan 1 through closing when unpaid.
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.
Berea seller questions
How much is the transfer tax in Berea, Kentucky?
On a $180,000 sale in Berea, transfer taxes come to $180: Real estate transfer (deed) tax. By custom the seller pays it.
How much are seller closing costs in Berea?
On a $180,000 sale, close to the median home value in Berea, with a 5% commission, estimated seller costs are about $9,271 (5.2% of the price). Without commission they are about $271. The loan payoff and property tax proration change the final number.
What county is Berea in, and does it matter at closing?
Berea is in Madison County, Kentucky. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Madison County, the buyer customarily pays the owner's title policy. The settlement fee is customarily paid by the buyer.
How much are property taxes in Berea?
The median property tax bill for homeowners in Berea is $1,370 a year, about 0.77% of the median home value of $178,000 (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, billed Oct-Nov (2% discount in November); seller credits buyer for Jan 1 through closing when unpaid.
Other cities in Madison County
Cities near Berea
Build your Berea net sheet in minutes.
Free to use. No account needed to try it.