Free Tiverton, Rhode Island seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Tiverton, Rhode Island (Newport County). The calculator applies the local rates for you.
- Median home value
- $367,400
- Transfer tax on $365,000
- $2,738
- Seller costs on $365,000
- About $22,032
- Median property tax bill
- $4,719 a year
- County
- Newport County
- Population
- 15,938
Tiverton transfer tax
On a $365,000 sale in Tiverton, transfer taxes come to $2,738: Real estate conveyance tax. By custom the seller pays it.
| Tax | Rate | Paid by | On $365,000 |
|---|---|---|---|
| Real estate conveyance tax | $3.75 per $500 | Seller | $2,737.50 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $1,875 | $0 | $1,875 |
| $365,000 local median value | $2,737.50 | $0 | $2,737.50 |
| $500,000 | $3,750 | $0 | $3,750 |
| $1,000,000 | $8,820 | $0 | $8,820 |
Example Tiverton seller net sheet
A $365,000 sale, close to Tiverton's median home value of $367,400, with a 5% commission and a $220,000 mortgage payoff. Seller costs come to about $22,032, or 6% of the price.
| Line | Seller |
|---|---|
| Sale price | $365,000 |
| First mortgage payoff | −$220,000 |
| Real estate commission (5%) | −$18,250 |
| Real estate conveyance tax | −$2,737.50 |
| Settlement / closing fee | −$250 |
| Seller's attorney fee | −$700 |
| Release / satisfaction recording | −$49 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $122,968.50 |
Who pays what in Tiverton
Tiverton 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 Tiverton
The median property tax bill for homeowners in Tiverton is $4,719 a year, about 1.28% of the median home value of $367,400 (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.
Tiverton seller questions
How much is the transfer tax in Tiverton, Rhode Island?
On a $365,000 sale in Tiverton, transfer taxes come to $2,738: Real estate conveyance tax. By custom the seller pays it.
How much are seller closing costs in Tiverton?
On a $365,000 sale, close to the median home value in Tiverton, with a 5% commission, estimated seller costs are about $22,032 (6% of the price). Without commission they are about $3,782. The loan payoff and property tax proration change the final number.
What county is Tiverton in, and does it matter at closing?
Tiverton 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 Tiverton?
The median property tax bill for homeowners in Tiverton is $4,719 a year, about 1.28% of the median home value of $367,400 (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.
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