Free Racine, Wisconsin seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Racine, Wisconsin (Racine County). The calculator applies the local rates for you.
- Median home value
- $158,100
- Transfer tax on $160,000
- $480
- Seller costs on $160,000
- About $9,460
- Median property tax bill
- $3,576 a year
- County
- Racine County
- Population
- 78,057
Racine transfer tax
On a $160,000 sale in Racine, transfer taxes come to $480: Real estate transfer fee. By custom the seller pays it.
| Tax | Rate | Paid by | On $160,000 |
|---|---|---|---|
| Real estate transfer fee | $0.30 per $100 | Seller | $480 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $160,000 local median value | $480 | $0 | $480 |
| $250,000 | $750 | $0 | $750 |
| $500,000 | $1,500 | $0 | $1,500 |
| $1,000,000 | $3,000 | $0 | $3,000 |
Example Racine seller net sheet
A $160,000 sale, close to Racine's median home value of $158,100, with a 5% commission and a $95,000 mortgage payoff. Seller costs come to about $9,460, or 5.9% of the price.
| Line | Seller |
|---|---|
| Sale price | $160,000 |
| First mortgage payoff | −$95,000 |
| Real estate commission (5%) | −$8,000 |
| Real estate transfer fee | −$480 |
| Owner's title insurance policy | −$605 |
| Settlement / closing fee | −$300 |
| Release / satisfaction recording | −$30 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $55,540 |
Who pays what in Racine
Racine closings follow Racine County customs. In Racine County, the seller 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.
Property taxes in Racine
The median property tax bill for homeowners in Racine is $3,576 a year, about 2.26% of the median home value of $158,100 (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 December and due Jan 31 of the following year; seller credits 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.
Racine seller questions
How much is the transfer tax in Racine, Wisconsin?
On a $160,000 sale in Racine, transfer taxes come to $480: Real estate transfer fee. By custom the seller pays it.
How much are seller closing costs in Racine?
On a $160,000 sale, close to the median home value in Racine, with a 5% commission, estimated seller costs are about $9,460 (5.9% of the price). Without commission they are about $1,460. The loan payoff and property tax proration change the final number.
What county is Racine in, and does it matter at closing?
Racine is in Racine County, Wisconsin. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Racine County, the seller customarily pays the owner's title policy. The settlement fee is customarily split between buyer and seller.
How much are property taxes in Racine?
The median property tax bill for homeowners in Racine is $3,576 a year, about 2.26% of the median home value of $158,100 (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 December and due Jan 31 of the following year; seller credits buyer for Jan 1 through closing.
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