Virginia Property Transfer

Supercharge your productivity with Virginia Property Transfer

Document managing takes up to half of your business hours. With DocHub, you can easily reclaim your time and effort and improve your team's efficiency. Get Virginia Property Transfer category and explore all form templates related to your daily workflows.

Effortlessly use Virginia Property Transfer:

Open Virginia Property Transfer and employ Preview to obtain the suitable form.
Click Get Form to start working on it.
Wait for your form to open in our online editor and begin editing it.
Add new fillable fields, symbols, and images, adjust pages order, and many more.
Fill out your form or prepare it for other contributors.
Download or share the form by link, email attachment, or invite.

Improve your daily file managing using our Virginia Property Transfer. Get your free DocHub account today to explore all templates.

Commonly Asked Questions about Virginia Property Transfer

Do you pay transfer taxes on a refinance in Virginia?

Generally, when a mortgage or deed of trust is refinanced, VA Recordation Taxes are due only with respect to the increase in the principal amount of the note secured by the instrument.

What is the property transfer tax in Virginia?

State transfer taxes The Virginia state transfer tax is levied at a rate of $0.25 cents per $100 of the portion price or fair market value of the property being transferred, whichever total is greater.

How do I gift land to a family member in Virginia?

Legal Requirements in Virginia Writing and Signing: The deed must be written and signed by the donor. Witnesses and Notarization: While not always required, notarization adds legal validity. Recording: Recording the deed with the local countys land records office is advisable.

How to calculate transfer taxes in Virginia?

On every deed admitted to record, except a deed exempt from taxation by law, there is hereby levied a state recordation tax. The rate of the tax shall be 25 cents on every $100 or fraction thereof of (i) the consideration of the deed or (ii) the actual value of the property conveyed, whichever is greater.

Does Virginia have a property transfer tax?

The State of Virginia has three transfer taxes and two recordation taxes (think of the recordation tax as a mortgage tax stamp). The buyer typically pays the state and county deed transfer tax. The seller pays a transfer tax to the state, also known as the VA Grantor tax.

Which tax is usually paid by the seller for transferring property in Virginia?

Virginia Transfer Tax and Recording Fees Grantors Tax (paid by Seller) Deed 1.00% of sales price1 more row

How much does it cost to transfer a deed in Virginia?

Virginia Transfer Tax and Recording Fees Recording (paid by buyer) Deed of Trust Recording $56.00 Deed Recording $43.001 more row

How do I transfer ownership of a property in Virginia?

FAQs How do I transfer ownership of real estate? How do I transfer ownership of real estate? Ownership may be transferred by preparation of a new deed, which has been properly signed. The new deed must be recorded in the Circuit Court Clerks Office where the real estate is located.