Free Middletown, Rhode Island seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Middletown, Rhode Island (Newport County). The calculator applies the local rates for you.
- Median home value
- $536,600
- Transfer tax on $535,000
- $4,013
- Seller costs on $535,000
- About $31,807
- Median property tax bill
- $6,083 a year
- County
- Newport County
- Population
- 16,610
Middletown transfer tax
On a $535,000 sale in Middletown, transfer taxes come to $4,013: Real estate conveyance tax. By custom the seller pays it.
| Tax | Rate | Paid by | On $535,000 |
|---|---|---|---|
| Real estate conveyance tax | $3.75 per $500 | Seller | $4,012.50 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $1,875 | $0 | $1,875 |
| $500,000 | $3,750 | $0 | $3,750 |
| $535,000 local median value | $4,012.50 | $0 | $4,012.50 |
| $1,000,000 | $8,820 | $0 | $8,820 |
Example Middletown seller net sheet
A $535,000 sale, close to Middletown's median home value of $536,600, with a 5% commission and a $320,000 mortgage payoff. Seller costs come to about $31,807, or 5.9% of the price.
| Line | Seller |
|---|---|
| Sale price | $535,000 |
| First mortgage payoff | −$320,000 |
| Real estate commission (5%) | −$26,750 |
| Real estate conveyance tax | −$4,012.50 |
| Settlement / closing fee | −$250 |
| Seller's attorney fee | −$700 |
| Release / satisfaction recording | −$49 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $183,193.50 |
Who pays what in Middletown
Middletown closings follow Newport County customs. In Newport 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 an attorney, and each side normally has its own attorney.
Property taxes in Middletown
The median property tax bill for homeowners in Middletown is $6,083 a year, about 1.13% of the median home value of $536,600 (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 quarterly on a calendar or Jul-Jun fiscal year, paid in advance of each quarter.
Rates verified 2026-09-29. 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.
Middletown seller questions
How much is the transfer tax in Middletown, Rhode Island?
On a $535,000 sale in Middletown, transfer taxes come to $4,013: Real estate conveyance tax. By custom the seller pays it.
How much are seller closing costs in Middletown?
On a $535,000 sale, close to the median home value in Middletown, with a 5% commission, estimated seller costs are about $31,807 (5.9% of the price). Without commission they are about $5,057. The loan payoff and property tax proration change the final number.
What county is Middletown in, and does it matter at closing?
Middletown is in Newport County, Rhode Island. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Newport 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 Middletown?
The median property tax bill for homeowners in Middletown is $6,083 a year, about 1.13% of the median home value of $536,600 (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 quarterly on a calendar or Jul-Jun fiscal year, paid in advance of each quarter.
Build your Middletown net sheet in minutes.
Free to use. No account needed to try it.