Free Vermillion, South Dakota seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Vermillion, South Dakota (Clay County). The calculator applies the local rates for you.
- Median home value
- $210,200
- Transfer tax on $210,000
- $210
- Seller costs on $210,000
- About $11,421
- Median property tax bill
- $3,256 a year
- County
- Clay County
- Population
- 11,877
Vermillion transfer tax
On a $210,000 sale in Vermillion, transfer taxes come to $210: Real estate transfer fee. By custom the seller pays it.
| Tax | Rate | Paid by | On $210,000 |
|---|---|---|---|
| Real estate transfer fee | $0.50 per $500 | Seller | $210 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $210,000 local median value | $210 | $0 | $210 |
| $250,000 | $250 | $0 | $250 |
| $500,000 | $500 | $0 | $500 |
| $1,000,000 | $1,000 | $0 | $1,000 |
Example Vermillion seller net sheet
A $210,000 sale, close to Vermillion's median home value of $210,200, with a 5% commission and a $125,000 mortgage payoff. Seller costs come to about $11,421, or 5.4% of the price.
| Line | Seller |
|---|---|
| Sale price | $210,000 |
| First mortgage payoff | −$125,000 |
| Real estate commission (5%) | −$10,500 |
| Real estate transfer fee | −$210 |
| Owner's title insurance policy | −$391.25 |
| Settlement / closing fee | −$250 |
| Release / satisfaction recording | −$30 |
| Wire / courier / payoff processing | −$40 |
| Estimated net before property tax prorations | $73,578.75 |
Who pays what in Vermillion
Vermillion closings follow Clay County customs. In Clay County, the buyer and seller customarily split the owner's title policy. The settlement fee is customarily split between buyer and seller. Closings are usually handled by a title company.
Property taxes in Vermillion
The median property tax bill for homeowners in Vermillion is $3,256 a year, about 1.55% of the median home value of $210,200 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Taxes are paid the following year (halves Apr 30 / Oct 31); seller credits buyer for prior-year unpaid taxes plus Jan 1 through closing.
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.
Vermillion seller questions
How much is the transfer tax in Vermillion, South Dakota?
On a $210,000 sale in Vermillion, transfer taxes come to $210: Real estate transfer fee. By custom the seller pays it.
How much are seller closing costs in Vermillion?
On a $210,000 sale, close to the median home value in Vermillion, with a 5% commission, estimated seller costs are about $11,421 (5.4% of the price). Without commission they are about $921. The loan payoff and property tax proration change the final number.
What county is Vermillion in, and does it matter at closing?
Vermillion is in Clay County, South Dakota. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Clay County, the buyer and seller customarily split the owner's title policy. The settlement fee is customarily split between buyer and seller.
How much are property taxes in Vermillion?
The median property tax bill for homeowners in Vermillion is $3,256 a year, about 1.55% of the median home value of $210,200 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Taxes are paid the following year (halves Apr 30 / Oct 31); seller credits buyer for prior-year unpaid taxes plus Jan 1 through closing.
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