Free Annapolis Neck, Maryland seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Annapolis Neck, Maryland (Anne Arundel County). The calculator applies the local rates for you.
- Median home value
- $723,100
- Transfer tax on $725,000
- $15,950
- Seller costs on $725,000
- About $44,685
- Median property tax bill
- $5,953 a year
- County
- Anne Arundel County
- Population
- 12,484
Annapolis Neck transfer tax
On a $725,000 sale in Annapolis Neck, transfer taxes come to $15,950: State transfer tax, Recordation tax (Anne Arundel County) and County transfer tax (Anne Arundel County). By custom the seller pays $7,975 of that and the buyer $7,975.
| Tax | Rate | Paid by | On $725,000 |
|---|---|---|---|
| State transfer tax | 0.5% | Split 50/50 | $3,625 |
| Recordation tax (Anne Arundel County) | $3.50 per $500 | Split 50/50 | $5,075 |
| County transfer tax (Anne Arundel County) | 1%; 1.5% at $1M or more | Split 50/50 | $7,250 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $2,750 | $2,750 | $5,500 |
| $500,000 | $5,500 | $5,500 | $11,000 |
| $725,000 local median value | $7,975 | $7,975 | $15,950 |
| $1,000,000 | $13,500 | $13,500 | $27,000 |
Example Annapolis Neck seller net sheet
A $725,000 sale, close to Annapolis Neck's median home value of $723,100, with a 5% commission and a $435,000 mortgage payoff. Seller costs come to about $44,685, or 6.2% of the price.
| Line | Seller |
|---|---|
| Sale price | $725,000 |
| First mortgage payoff | −$435,000 |
| Real estate commission (5%) | −$36,250 |
| State transfer tax | −$1,812.50 |
| Recordation tax (Anne Arundel County) | −$2,537.50 |
| County transfer tax (Anne Arundel County) | −$3,625 |
| Settlement / closing fee | −$350 |
| Release / satisfaction recording | −$60 |
| Wire / courier / payoff processing | −$50 |
| Estimated net before property tax prorations | $245,315 |
Who pays what in Annapolis Neck
Annapolis Neck closings follow Anne Arundel County customs. In Anne Arundel 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 Annapolis Neck
The median property tax bill for homeowners in Annapolis Neck is $5,953 a year, about 0.82% of the median home value of $723,100 (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. Fiscal year Jul-Jun, billed Jul 1 and paid in advance (semiannual option for owner-occupants); seller is credited for prepaid months.
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.
Annapolis Neck seller questions
How much is the transfer tax in Annapolis Neck, Maryland?
On a $725,000 sale in Annapolis Neck, transfer taxes come to $15,950: State transfer tax, Recordation tax (Anne Arundel County) and County transfer tax (Anne Arundel County). By custom the seller pays $7,975 of that and the buyer $7,975.
How much are seller closing costs in Annapolis Neck?
On a $725,000 sale, close to the median home value in Annapolis Neck, with a 5% commission, estimated seller costs are about $44,685 (6.2% of the price). Without commission they are about $8,435. The loan payoff and property tax proration change the final number.
What county is Annapolis Neck in, and does it matter at closing?
Annapolis Neck is in Anne Arundel County, Maryland. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Anne Arundel 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 Annapolis Neck?
The median property tax bill for homeowners in Annapolis Neck is $5,953 a year, about 0.82% of the median home value of $723,100 (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. Fiscal year Jul-Jun, billed Jul 1 and paid in advance (semiannual option for owner-occupants); seller is credited for prepaid months.
Other cities in Anne Arundel County
- Glen Burnie
- Severn
- Odenton
- Annapolis
- Severna Park
- Pasadena
- Crofton
- Arnold
- Maryland City
- Lake Shore
- Parole
- Ferndale
Cities near Annapolis Neck
Build your Annapolis Neck net sheet in minutes.
Free to use. No account needed to try it.