Free Socorro, Texas seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Socorro, Texas (El Paso County). The calculator applies the local rates for you.
- Median home value
- $131,200
- Transfer tax on $130,000
- None
- Seller costs on $130,000
- About $7,958
- Median property tax bill
- $2,868 a year
- County
- El Paso County
- Population
- 38,642
Socorro transfer tax
Texas does not charge a real estate transfer tax, so there is none to pay on a home sale in Socorro.
Example Socorro seller net sheet
A $130,000 sale, close to Socorro's median home value of $131,200, with a 5% commission and an $80,000 mortgage payoff. Seller costs come to about $7,958, or 6.1% of the price.
| Line | Seller |
|---|---|
| Sale price | $130,000 |
| First mortgage payoff | −$80,000 |
| Real estate commission (5%) | −$6,500 |
| Owner's title insurance policy | −$928.20 |
| Settlement / closing fee | −$450 |
| Release / satisfaction recording | −$30 |
| Wire / courier / payoff processing | −$50 |
| Estimated net before property tax prorations | $42,041.80 |
Who pays what in Socorro
Socorro closings follow El Paso County customs. In El Paso County, the seller customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing. Closings are usually handled by a title company.
Property taxes in Socorro
The median property tax bill for homeowners in Socorro is $2,868 a year, about 2.19% of the median home value of $131,200 (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. Calendar year, billed in October and due Jan 31 of the following year; the seller credits the buyer for 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.
Socorro seller questions
How much is the transfer tax in Socorro, Texas?
Texas does not charge a real estate transfer tax, so there is none to pay on a home sale in Socorro.
How much are seller closing costs in Socorro?
On a $130,000 sale, close to the median home value in Socorro, with a 5% commission, estimated seller costs are about $7,958 (6.1% of the price). Without commission they are about $1,458. The loan payoff and property tax proration change the final number.
What county is Socorro in, and does it matter at closing?
Socorro is in El Paso County, Texas. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In El Paso County, the seller 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 Socorro?
The median property tax bill for homeowners in Socorro is $2,868 a year, about 2.19% of the median home value of $131,200 (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. Calendar year, billed in October and due Jan 31 of the following year; the seller credits the buyer for Jan 1 through closing.
Other cities in El Paso County
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