Free Halfway, Maryland seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Halfway, Maryland (Washington County). The calculator applies the local rates for you.
- Median home value
- $247,100
- Transfer tax on $245,000
- $4,062
- Seller costs on $245,000
- About $14,741
- Median property tax bill
- $1,852 a year
- County
- Washington County
- Population
- 10,974
Halfway transfer tax
On a $245,000 sale in Halfway, transfer taxes come to $4,062: State transfer tax, Recordation tax (Washington County) and County transfer tax (Washington County). By custom the seller pays $2,031 of that and the buyer $2,031.
| Tax | Rate | Paid by | On $245,000 |
|---|---|---|---|
| State transfer tax | 0.5% | Split 50/50 | $1,225 |
| Recordation tax (Washington County) | $3.80 per $500 | Split 50/50 | $1,862 |
| County transfer tax (Washington County) | 0.5% of price above $50,000 | Split 50/50 | $975 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $245,000 local median value | $2,031 | $2,031 | $4,062 |
| $250,000 | $2,075 | $2,075 | $4,150 |
| $500,000 | $4,275 | $4,275 | $8,550 |
| $1,000,000 | $8,675 | $8,675 | $17,350 |
Example Halfway seller net sheet
A $245,000 sale, close to Halfway's median home value of $247,100, with a 5% commission and a $145,000 mortgage payoff. Seller costs come to about $14,741, or 6% of the price.
| Line | Seller |
|---|---|
| Sale price | $245,000 |
| First mortgage payoff | −$145,000 |
| Real estate commission (5%) | −$12,250 |
| State transfer tax | −$612.50 |
| Recordation tax (Washington County) | −$931 |
| County transfer tax (Washington County) | −$487.50 |
| Settlement / closing fee | −$350 |
| Release / satisfaction recording | −$60 |
| Wire / courier / payoff processing | −$50 |
| Estimated net before property tax prorations | $85,259 |
Who pays what in Halfway
Halfway closings follow Washington County customs. In Washington 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 Halfway
The median property tax bill for homeowners in Halfway is $1,852 a year, about 0.75% of the median home value of $247,100 (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.
Halfway seller questions
How much is the transfer tax in Halfway, Maryland?
On a $245,000 sale in Halfway, transfer taxes come to $4,062: State transfer tax, Recordation tax (Washington County) and County transfer tax (Washington County). By custom the seller pays $2,031 of that and the buyer $2,031.
How much are seller closing costs in Halfway?
On a $245,000 sale, close to the median home value in Halfway, with a 5% commission, estimated seller costs are about $14,741 (6% of the price). Without commission they are about $2,491. The loan payoff and property tax proration change the final number.
What county is Halfway in, and does it matter at closing?
Halfway is in Washington County, Maryland. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Washington 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 Halfway?
The median property tax bill for homeowners in Halfway is $1,852 a year, about 0.75% of the median home value of $247,100 (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.
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