Free Madisonville, Kentucky seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Madisonville, Kentucky (Hopkins County). The calculator applies the local rates for you.
- Median home value
- $152,300
- Transfer tax on $150,000
- $150
- Seller costs on $150,000
- About $7,741
- Median property tax bill
- $1,225 a year
- County
- Hopkins County
- Population
- 19,502
Madisonville transfer tax
On a $150,000 sale in Madisonville, transfer taxes come to $150: Real estate transfer (deed) tax. By custom the seller pays it.
| Tax | Rate | Paid by | On $150,000 |
|---|---|---|---|
| Real estate transfer (deed) tax | $0.50 per $500 | Seller | $150 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $150,000 local median value | $150 | $0 | $150 |
| $250,000 | $250 | $0 | $250 |
| $500,000 | $500 | $0 | $500 |
| $1,000,000 | $1,000 | $0 | $1,000 |
Example Madisonville seller net sheet
A $150,000 sale, close to Madisonville's median home value of $152,300, with a 5% commission and a $90,000 mortgage payoff. Seller costs come to about $7,741, or 5.2% of the price.
| Line | Seller |
|---|---|
| Sale price | $150,000 |
| First mortgage payoff | −$90,000 |
| Real estate commission (5%) | −$7,500 |
| Real estate transfer (deed) tax | −$150 |
| Release / satisfaction recording | −$46 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $52,259 |
Who pays what in Madisonville
Madisonville closings follow Hopkins County customs. In Hopkins 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 Madisonville
The median property tax bill for homeowners in Madisonville is $1,225 a year, about 0.8% of the median home value of $152,300 (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, 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.
Madisonville seller questions
How much is the transfer tax in Madisonville, Kentucky?
On a $150,000 sale in Madisonville, transfer taxes come to $150: Real estate transfer (deed) tax. By custom the seller pays it.
How much are seller closing costs in Madisonville?
On a $150,000 sale, close to the median home value in Madisonville, with a 5% commission, estimated seller costs are about $7,741 (5.2% of the price). Without commission they are about $241. The loan payoff and property tax proration change the final number.
What county is Madisonville in, and does it matter at closing?
Madisonville is in Hopkins County, Kentucky. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Hopkins 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 Madisonville?
The median property tax bill for homeowners in Madisonville is $1,225 a year, about 0.8% of the median home value of $152,300 (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, billed Oct-Nov (2% discount in November); seller credits buyer for Jan 1 through closing when unpaid.
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