sellers

A Guide to Closing Costs

A Guide to Closing Costs

Buyer & Seller Closing Costs in San Francisco, and San Francisco Property & Transfer Taxes
 

San Francisco Transfer Tax

In San Francisco property sales, the seller is responsible for paying the transfer tax. However, in new development where the seller is a sponsor or a developer, the buyer often pays this transfer tax. 

The Transfer Tax Rate for the City and County of San Francisco, payable upon transfer of Real Property, is calculated as follows:

  • More than $100 but less than/equal to $250,000 $2.50 for each $500 or portion thereof

  • More than $250,000 but less than $1,000,000 $3.40 for each $500 or portion thereof

  • $1,000,000 or more but less than $5,000,000 $3.75 for each $500 or portion thereof

  • $5,000,000 or more but less than $10,000,000 $11.25 for each $500 or portion thereof

  • $10,000,000 or more but less than $25,000,000 $13.75 for each $500 or portion thereof

  • $25,000,000 or more $15.00 for each $500 or portion thereof

Be sure to calculate transfer tax when considering selling your home.

Luxury Homes by Neighborhood

What you get in different neighborhoods for your millions of dollars will vary widely. Views often play a significant role in SF home values, but particularly in the luxury condo market, where the most expensive units often offer staggering views from very high floors.