Free Shelby County, Tennessee seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Shelby County. The calculator applies Tennessee and Shelby County rates for you.
- Median home value
- $229,700
- Transfer tax on $230,000
- $851
- Seller costs on $230,000
- About $11,907
- Median property tax bill
- $2,376 a year
- Owner's title policy
- Buyer pays
- Population
- 922,195
Shelby County transfer tax
On a $230,000 sale in Shelby County, transfer taxes come to $851: Realty transfer tax. By custom the buyer pays it. A buyer who finances 80% of the price also pays $209 in mortgage taxes (Mortgage recordation tax).
| Tax | Rate | Paid by | On $230,000 |
|---|---|---|---|
| Realty transfer tax | $0.37 per $100 (0.37% of the price) | Buyer | $851 |
| Mortgage recordation tax | $0.115 per $100 over $2,000 | Buyer | $209.30 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $230,000 local median value | $0 | $851 | $851 |
| $250,000 | $0 | $925 | $925 |
| $500,000 | $0 | $1,850 | $1,850 |
| $1,000,000 | $0 | $3,700 | $3,700 |
Example Shelby County seller net sheet
A $230,000 sale, close to the county's median home value of $229,700, with a 5% commission and a $140,000 mortgage payoff. Seller costs come to about $11,907, or 5.2% of the price.
| Line | Seller |
|---|---|
| Sale price | $230,000 |
| First mortgage payoff | −$140,000 |
| Real estate commission (5%) | −$11,500 |
| Settlement / closing fee | −$350 |
| Release / satisfaction recording | −$12 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $78,093 |
Who pays what in Shelby County
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 Shelby County
The median property tax bill for homeowners in Shelby County is $2,376 a year, about 1.03% of the median home value of $229,700 (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.
Shelby County seller questions
How much is the transfer tax in Shelby County, Tennessee?
On a $230,000 sale in Shelby County, transfer taxes come to $851: Realty transfer tax. By custom the buyer pays it. A buyer who finances 80% of the price also pays $209 in mortgage taxes (Mortgage recordation tax).
How much are seller closing costs in Shelby County?
On a $230,000 sale, close to the median home value in Shelby County, with a 5% commission, estimated seller costs are about $11,907 (5.2% of the price). Without commission they are about $407. The loan payoff and property tax proration change the final number.
Who pays for title insurance and closing fees in Shelby County?
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.
How much are property taxes in Shelby County?
The median property tax bill for homeowners in Shelby County is $2,376 a year, about 1.03% of the median home value of $229,700 (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.
Cities in Shelby County
Build your Shelby County net sheet in minutes.
Free to use. No account needed to try it.