![]() In July of 2004, a computerized tract index searchable by legal description was added to aid in locating records. Documents recorded since January of 1966 have been indexed in a computerized grantor/grantee index. ![]() In cases where such price or consideration is unavailable, such as when there is a swap of property (for example a parking space transfer), the tax is generally on the fair market value of the property transferred.įor taxable transfers of interests in legal entities that own real property in San Francisco, the transfer tax basis generally is the fair market value of the real property deemed to have transferred as a result of the transfer of the interests in the legal entity.įor long-term (35+ years) leases, the transfer tax basis generally is the present value of the leasehold interest, per the contract (not market) rent terms of the lease being recorded.įor Transferable Development Rights (TDR) – Certificate of Transfer, the transfer tax basis generally is the purchase price per unit of TDR x # of units transferred.Real estate records in Walworth County are indexed in a grantor/grantee index system beginning in 1839. Individual(s) to his/her own Limited Liability Company or Limited Partnership or Corporation? Noįor transfers where the purchase price or consideration paid for the real property being transferred is available (such as for transfers via deed), transfer taxes generally are based on that purchase price or consideration.Individual(s) to/from his/her own trust? No.Between parent(s) and child(ren) for consideration? Yes.Add or remove co-signor or co-owner solely for refinancing purposes (no consideration)? No.LLC operating agreement, Corporate By Laws/Minutes/Register, partnership agreement, etc.)Ī Transfer Tax Affidavit must accompany all documents submitted for recordation in which transfer tax is due, or an exemption is claimed.ĭo These Common Types of Transfers Cause a Transfer Tax? Written documentation includes, but is not limited to, copies of trust or formation documents of legal entities (i.e. If a transfer tax exemption is claimed, written documentation proving the exemption must be submitted at the time of recording, otherwise transfer taxes are due. Transfer Tax CalculatorĮxemptions will only be made if the recording party claims a valid documentary transfer tax exemption (see transfer tax affidavit for valid exemptions and to calculate transfer taxes). ![]() Please use our transfer tax calculator to estimate your transfer tax. The authority to collect transfer taxes and list of documentary transfer tax exemptions are codified in Article 12C of the San Francisco Business and Tax Regulations Code. Transfer taxes are also imposed on leaseholds with a term of 35 years or more, and transfers involving legal entities that own real property in San Francisco. More than $100 but less than or equal to $250,000 Tax rate for entire value or consideration is. The transfer tax rate is variable, depending on the consideration paid (purchase price) OR the fair market value, as shown in the chart below. ![]() Transfer tax is a transaction fee imposed on the transfer of land or real property from one person (or entity) to another. ![]()
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