Free Wheaton, Maryland seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Wheaton, Maryland (Montgomery County). The calculator applies the local rates for you.
- Median home value
- $483,100
- Transfer tax on $485,000
- $10,702
- Seller costs on $485,000
- About $30,061
- Median property tax bill
- $4,070 a year
- County
- Montgomery County
- Population
- 52,172
Wheaton transfer tax
On a $485,000 sale in Wheaton, transfer taxes come to $10,702: State transfer tax, Recordation tax (Montgomery County, owner-occupied) and County transfer tax (Montgomery County). By custom the seller pays $5,351 of that and the buyer $5,351.
| Tax | Rate | Paid by | On $485,000 |
|---|---|---|---|
| State transfer tax | 0.5% | Split 50/50 | $2,425 |
| Recordation tax (Montgomery County, owner-occupied) | First $100,000 exempt, then $4.45 / $6.75 / $10.20 / $10.78 / $11.35 per $500 (marginal) | Split 50/50 | $3,426.50 |
| County transfer tax (Montgomery County) | 1% | Split 50/50 | $4,850 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $2,542.50 | $2,542.50 | $5,085 |
| $485,000 local median value | $5,350.75 | $5,350.75 | $10,701.50 |
| $500,000 | $5,530 | $5,530 | $11,060 |
| $1,000,000 | $14,180 | $14,180 | $28,360 |
Example Wheaton seller net sheet
A $485,000 sale, close to Wheaton's median home value of $483,100, with a 5% commission and a $290,000 mortgage payoff. Seller costs come to about $30,061, or 6.2% of the price.
| Line | Seller |
|---|---|
| Sale price | $485,000 |
| First mortgage payoff | −$290,000 |
| Real estate commission (5%) | −$24,250 |
| State transfer tax | −$1,212.50 |
| Recordation tax (Montgomery County, owner-occupied) | −$1,713.25 |
| County transfer tax (Montgomery County) | −$2,425 |
| Settlement / closing fee | −$350 |
| Release / satisfaction recording | −$60 |
| Wire / courier / payoff processing | −$50 |
| Estimated net before property tax prorations | $164,939.25 |
Who pays what in Wheaton
Wheaton closings follow Montgomery County customs. In Montgomery 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 Wheaton
The median property tax bill for homeowners in Wheaton is $4,070 a year, about 0.84% of the median home value of $483,100 (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.
Wheaton seller questions
How much is the transfer tax in Wheaton, Maryland?
On a $485,000 sale in Wheaton, transfer taxes come to $10,702: State transfer tax, Recordation tax (Montgomery County, owner-occupied) and County transfer tax (Montgomery County). By custom the seller pays $5,351 of that and the buyer $5,351.
How much are seller closing costs in Wheaton?
On a $485,000 sale, close to the median home value in Wheaton, with a 5% commission, estimated seller costs are about $30,061 (6.2% of the price). Without commission they are about $5,811. The loan payoff and property tax proration change the final number.
What county is Wheaton in, and does it matter at closing?
Wheaton is in Montgomery County, Maryland. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Montgomery 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 Wheaton?
The median property tax bill for homeowners in Wheaton is $4,070 a year, about 0.84% of the median home value of $483,100 (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 Montgomery County
- Germantown
- Silver Spring
- Gaithersburg
- Rockville
- Bethesda
- Aspen Hill
- North Bethesda
- Potomac
- Olney
- Montgomery Village
- Clarksburg
- Fairland
Cities near Wheaton
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