HomeAdviceFinance & Legal InfoDo you pay taxes when you sell a house?
Go Back

Do you pay taxes when you sell a house?

Do you pay taxes when you sell a house?

Asked by Charlotte | Buffalo, NY| 03-27-2023| 919 views|Finance & Legal Info|Updated 3 years ago

Answers (2)

Sort by:
Chris Yochum

Dickson Realty · Reno, NV

(24 reviews)
Every area is different in what you will pay for taxes when selling. Generally you will have a transfer tax that will apply specific to your area, city, county, state.
View Profile
03-31-2023 (3 years ago)··
Lisa And Greg Harris

eXp Realty, LLC · Columbia, SC

(42 reviews)
This depends on where you are located and what type of taxes you are referring to for the purpose of the sale. In SC we have deed stamps which is like a sales tax for the sale of the home. And then you have the proration of the property tax depending on the time of year of the sale. And as far as income tax that all depends on the specific sale and I recommend you talk to a tax professional about your specific situation.
View Profile
04-25-2023 (3 years ago)··
Find Agent CTA

Are you ready to find a top agent near you?

Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.

Related Questions

I’m a single mom paid off a condo HOA $609 should I keep it?

Asked by Myself | Lauderhill | 8 views | Finance & Legal Info | 04-26-2026 | Updated 1 day ago

Can I cancel my contract if I lost my job?

Asked by Trina | San Diego, CA | 23 views | Finance & Legal Info | 04-22-2026 | Updated 5 days ago

Home title

Asked by Karla Kay Story | Ocala, FL | 19 views | Finance & Legal Info | 04-10-2026 | Updated 2 weeks ago

How do you get around a restrictive covenant?

Asked by Jerry | St. Louis, MO | 35 views | Finance & Legal Info | 04-08-2026 | Updated 2 weeks ago

Sellers didn't disclose water/drainage issues, can we hold them responsible?

Asked by Peter | Louisville, KY | 60 views | Finance & Legal Info | 04-08-2026 | Updated 2 weeks ago