Free Bangor, Maine seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Bangor, Maine (Penobscot County). The calculator applies the local rates for you.
- Median home value
- $206,300
- Transfer tax on $205,000
- $902
- Seller costs on $205,000
- About $11,020
- Median property tax bill
- $2,998 a year
- County
- Penobscot County
- Population
- 32,446
Bangor transfer tax
On a $205,000 sale in Bangor, transfer taxes come to $902: Real estate transfer tax (split equally between buyer and seller). By custom the seller pays $451 of that and the buyer $451.
| Tax | Rate | Paid by | On $205,000 |
|---|---|---|---|
| Real estate transfer tax (split equally between buyer and seller) | $2.20 per $500 total ($1.10 each); +$3.80 per $500 above $1M | Split 50/50 | $902 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $205,000 local median value | $451 | $451 | $902 |
| $250,000 | $550 | $550 | $1,100 |
| $500,000 | $1,100 | $1,100 | $2,200 |
| $1,000,000 | $2,200 | $2,200 | $4,400 |
Example Bangor seller net sheet
A $205,000 sale, close to Bangor's median home value of $206,300, with a 5% commission and a $125,000 mortgage payoff. Seller costs come to about $11,020, or 5.4% of the price.
| Line | Seller |
|---|---|
| Sale price | $205,000 |
| First mortgage payoff | −$125,000 |
| Real estate commission (5%) | −$10,250 |
| Real estate transfer tax (split equally between buyer and seller) | −$451 |
| Settlement / closing fee | −$250 |
| Release / satisfaction recording | −$24 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $68,980 |
Who pays what in Bangor
Bangor closings follow Penobscot County customs. In Penobscot County, the buyer customarily pays the owner's title policy. 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 Bangor
The median property tax bill for homeowners in Bangor is $2,998 a year, about 1.45% of the median home value of $206,300 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in advance, so at closing the bill is prorated between buyer and seller to the closing date. Most towns bill in Aug-Sep for the Jul-Jun fiscal year, often in two installments; seller is credited for prepaid periods.
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.
Bangor seller questions
How much is the transfer tax in Bangor, Maine?
On a $205,000 sale in Bangor, transfer taxes come to $902: Real estate transfer tax (split equally between buyer and seller). By custom the seller pays $451 of that and the buyer $451.
How much are seller closing costs in Bangor?
On a $205,000 sale, close to the median home value in Bangor, with a 5% commission, estimated seller costs are about $11,020 (5.4% of the price). Without commission they are about $770. The loan payoff and property tax proration change the final number.
What county is Bangor in, and does it matter at closing?
Bangor is in Penobscot County, Maine. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Penobscot County, the buyer customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing.
How much are property taxes in Bangor?
The median property tax bill for homeowners in Bangor is $2,998 a year, about 1.45% of the median home value of $206,300 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in advance, so at closing the bill is prorated between buyer and seller to the closing date. Most towns bill in Aug-Sep for the Jul-Jun fiscal year, often in two installments; seller is credited for prepaid periods.
Other cities in Penobscot County
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