Ohio Transfer Tax (Conveyance Fee): Definition
What is ohio transfer tax (conveyance fee)? A tax imposed on the transfer of real property in Ohio. The statewide rate is $1 per $1,000 of the sale price (0.1%). Counties may impose an additional permissive fee. In Franklin County, the combined conveyance fee is $4 per $1,000 (0.4%). This tax is typically paid by the seller at closing.
Ohio Transfer Tax (Conveyance Fee)
A tax imposed on the transfer of real property in Ohio. The statewide rate is $1 per $1,000 of the sale price (0.1%). Counties may impose an additional permissive fee. In Franklin County, the combined conveyance fee is $4 per $1,000 (0.4%). This tax is typically paid by the seller at closing.
Key Points
- •Statewide base rate: $1 per $1,000 of sale price
- •County permissive fee: varies by county (Franklin County adds $3 per $1,000)
- •Franklin County total: $4 per $1,000 (0.4% of sale price)
- •Typically paid by seller; can be negotiated in purchase agreement
Related Terms
This content is for informational and educational purposes only. It does not constitute legal or real estate advice specific to your transaction or situation. Ohio real estate transactions involve legal and contractual obligations. Consult a licensed Ohio real estate professional and a qualified Ohio attorney before making any real estate decision. Sommer Ronk is licensed in Ohio with Coldwell Banker Realty, Ohio License #2019002887.