Georgia Real Estate Transfer Tax
Everything you need to know about Georgia's property transfer taxes (PT-61).
What is the Transfer Tax?
The Georgia Real Estate Transfer Tax is an excise tax levied on the transfer of real property within the state. When a property changes ownership, a PT-61 form must be filed with the Clerk of Superior Court, and the tax must be paid before the deed can be recorded.
How is it Calculated?
The tax rate is $1.00 for the first $1,000 (or fractional part) of the actual consideration or value of the property, and $0.10 for each additional $100.
Simple Math: Divide the sales price by 1,000 to get your estimated tax in dollars. For example, a $350,000 home will incur a $350 transfer tax.
Georgia Seller Net Sheet Estimator
Estimate your take-home cash after closing costs and transfer taxes.
Who Pays the Transfer Tax?
By standard convention in Georgia, the Seller pays the real estate transfer tax. However, because real estate contracts are highly negotiable, a buyer and seller can agree to split the cost or have the buyer cover it entirely. This should be explicitly stated in the Purchase and Sale Agreement.
Common Exemptions
Not all property transfers are subject to this tax. Common exemptions include:
- Transfers between spouses (including divorce settlements).
- Transfers where the consideration is less than $100.
- Deeds of gift.
- Transfers to or from a government entity.
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