Free Germantown, Tennessee seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Germantown, Tennessee (Shelby County). The calculator applies the local rates for you.
- Median home value
- $441,200
- Transfer tax on $440,000
- $1,628
- Seller costs on $440,000
- About $22,407
- Median property tax bill
- $4,654 a year
- County
- Shelby County
- Population
- 40,128
Germantown transfer tax
On a $440,000 sale in Germantown, transfer taxes come to $1,628: Realty transfer tax. By custom the buyer pays it. A buyer who finances 80% of the price also pays $403 in mortgage taxes (Mortgage recordation tax).
| Tax | Rate | Paid by | On $440,000 |
|---|---|---|---|
| Realty transfer tax | $0.37 per $100 (0.37% of the price) | Buyer | $1,628 |
| Mortgage recordation tax | $0.115 per $100 over $2,000 | Buyer | $402.50 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $0 | $925 | $925 |
| $440,000 local median value | $0 | $1,628 | $1,628 |
| $500,000 | $0 | $1,850 | $1,850 |
| $1,000,000 | $0 | $3,700 | $3,700 |
Example Germantown seller net sheet
A $440,000 sale, close to Germantown's median home value of $441,200, with a 5% commission and a $265,000 mortgage payoff. Seller costs come to about $22,407, or 5.1% of the price.
| Line | Seller |
|---|---|
| Sale price | $440,000 |
| First mortgage payoff | −$265,000 |
| Real estate commission (5%) | −$22,000 |
| Settlement / closing fee | −$350 |
| Release / satisfaction recording | −$12 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $152,593 |
Who pays what in Germantown
Germantown closings follow Shelby County customs. In Shelby County, the buyer customarily pays the owner's title policy. The settlement fee is customarily split between buyer and seller. Closings are usually handled by a title company or attorney.
Property taxes in Germantown
The median property tax bill for homeowners in Germantown is $4,654 a year, about 1.05% of the median home value of $441,200 (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. Bills issued Oct 1 for the calendar year, due Feb 28; seller credits buyer when unpaid.
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.
Germantown seller questions
How much is the transfer tax in Germantown, Tennessee?
On a $440,000 sale in Germantown, transfer taxes come to $1,628: Realty transfer tax. By custom the buyer pays it. A buyer who finances 80% of the price also pays $403 in mortgage taxes (Mortgage recordation tax).
How much are seller closing costs in Germantown?
On a $440,000 sale, close to the median home value in Germantown, with a 5% commission, estimated seller costs are about $22,407 (5.1% of the price). Without commission they are about $407. The loan payoff and property tax proration change the final number.
What county is Germantown in, and does it matter at closing?
Germantown is in Shelby County, Tennessee. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Shelby County, the buyer customarily pays the owner's title policy. The settlement fee is customarily split between buyer and seller.
How much are property taxes in Germantown?
The median property tax bill for homeowners in Germantown is $4,654 a year, about 1.05% of the median home value of $441,200 (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. Bills issued Oct 1 for the calendar year, due Feb 28; seller credits buyer when unpaid.
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