NetSheet.org

Free Maryland seller net sheet calculator

What a Maryland seller walks away with after commission, payoffs, title, and transfer taxes. Rates and closing customs below are verified for Maryland; the calculator applies them for you, down to the county.

Calculate a Maryland net sheet Plans and pricing

State transfer tax
0.5%
Owner's title policy
Buyer pays
Seller costs on $400,000
About $21,460

Maryland transfer tax

Maryland charges the state transfer tax of 0.5%, customarily split 50/50 between buyer and seller. Other statewide rates apply in some cases: State transfer tax (first-time Maryland homebuyer: buyer's half waived). On top of that, 55 county or city transfer taxes apply in parts of the state; the calculator adds them when you choose the county.

TaxLevelRateCustomarily paid by
State transfer taxApplies: not first-time buyersState0.5%Split 50/50
State transfer tax (first-time Maryland homebuyer: buyer's half waived)Applies: first-time buyersTax-Property 13-203: the buyer's share is waived for first-time Maryland homebuyers of a principal residence; the seller pays 0.25%.State0.25% (seller share only)Seller
Recordation tax (Baltimore City)County$5.00 per $500; $5.75 over $1M (15% yield surcharge)Split 50/50
Recordation tax (Baltimore City, principal residence)County$5.00 per $500 above $22,000Split 50/50
County transfer tax (Baltimore City)County1.5%; 2.1% over $1M (40% yield surcharge)Split 50/50
Recordation tax (Baltimore County)County$2.50 per $500Split 50/50
County transfer tax (Baltimore County)County1.5%Split 50/50
County transfer tax (Baltimore County, principal residence)County1.5% above $22,000Split 50/50
Recordation tax (Montgomery County)County$4.45 / $6.75 / $10.20 / $10.78 / $11.35 per $500 by bracket (marginal)Split 50/50
Recordation tax (Montgomery County, owner-occupied)CountyFirst $100,000 exempt, then $4.45 / $6.75 / $10.20 / $10.78 / $11.35 per $500 (marginal)Split 50/50
County transfer tax (Montgomery County)County1%Split 50/50
Recordation tax (Prince George's County)County$2.75 per $500Split 50/50
County transfer tax (Prince George's County)County1.4%Split 50/50
Recordation tax (Anne Arundel County)County$3.50 per $500Split 50/50
 Plus 43 more local rates; the calculator applies them by county and city. Who pays is local custom and can be changed in the contract. Rates verified 2026-09-30.
Sale priceSeller paysBuyer paysTotal
$250,000$625$625$1,250
$500,000$1,250$1,250$2,500
$1,000,000$2,500$2,500$5,000
 With no county or city chosen, split by local custom. Some counties and cities charge a different or additional rate.

Example Maryland seller net sheet

A $400,000 sale with a 5% commission and a $250,000 mortgage payoff. Seller closing costs come to about $21,460, or 5.4% of the price.

LineSeller
Sale price$400,000
First mortgage payoff−$250,000
Real estate commission (5%)−$20,000
State transfer tax−$1,000
Settlement / closing fee−$350
Release / satisfaction recording−$60
Wire / courier / payoff processing−$50
Estimated net before property tax prorations$128,540
 Title and settlement fees are typical estimates, not quotes.

Run it with your own numbers. Choose the county to add local taxes, and enter the closing date to prorate property taxes.

Who pays what in Maryland

Buyer pays the owner's policy. Closings are usually handled by a title company or attorney. The settlement or escrow fee is paid by each side for its own closing.

All transfer and recordation taxes are split 50/50 by custom unless the buyer is a first-time Maryland homebuyer (then the buyer's share of the state transfer tax is waived and, by statute, the seller pays the remaining state transfer tax).

Property tax prorations

Property taxes are paid in advance on a tax year starting in July. The typical effective rate is about 1.05% of value per year. Fiscal year Jul-Jun, billed Jul 1 and paid in advance (semiannual option for owner-occupants); seller is credited for prepaid months.

Sources

Verified 2026-09-30. A net sheet is an estimate, not a closing statement or tax advice. Final figures come from the title or escrow company. See a rate that looks wrong? Email support@netsheet.org.

Maryland net sheet questions

Does Maryland have a real estate transfer tax?

Maryland charges the state transfer tax of 0.5%, customarily split 50/50 between buyer and seller. Other statewide rates apply in some cases: State transfer tax (first-time Maryland homebuyer: buyer's half waived). On top of that, 55 county or city transfer taxes apply in parts of the state; the calculator adds them when you choose the county.

How much is the transfer tax on a $500,000 home in Maryland?

With no county or city chosen, the transfer tax on a $500,000 sale is about $2,500 ($1,250 seller, $1,250 buyer by custom). Some counties and cities charge a different or additional rate.

How much are seller closing costs in Maryland?

On a $400,000 sale with a 5% commission, estimated seller costs in Maryland come to about $21,460 (5.4% of the price), including $20,000 of commission. Without commission, closing costs are about $1,460. Local taxes, the payoff, and property tax prorations change the final number.

Who pays for title insurance in Maryland?

Buyer pays the owner's policy.

Who handles the closing in Maryland?

Closings are usually handled by a title company or attorney.

How are property taxes prorated when selling a home in Maryland?

Property taxes are paid in advance on a tax year starting in July. The typical effective rate is about 1.05% of value per year. Fiscal year Jul-Jun, billed Jul 1 and paid in advance (semiannual option for owner-occupants); seller is credited for prepaid months.

Maryland net sheets by county

Maryland net sheets by city

The 80 largest of 137 Maryland cities with a page. Each county page lists its own cities.

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