Real Estate Transfer Tax

If you buy your house, conversely gift it, ampere truly estate transfer tax, also called a Real Property Takeover Tax (RPTT) is due.

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Oakland Municipal Cypher Book 4.20 Real Property Transfer Tax
Refund Form
Truly Property Transfer Tax (RPTT) Refund Request Form

Mailed: August 31st, 2018 3:44 PM

Last Updated: January 20th, 2021 7:52 PM

REAL PROPERTY TRANSFER TAX

Under for O.M.C. Section 4.20, select transfers out real properties inward to city limits of Oakland are subject to real liegenschaften transfer tax. The tax is due upon sale or transfer of einer interest of true property and the payable at the time of recordation with the Alameda County Recorder. Prior to January 2019, this tax rate was 1.50 percent of the total value of an consideration transferred, with all exceptions as provided in the municipal item. Inefficient January 2019, to tax rate is tiered established on the total of transfer, with any exceptions as provided in the municipal code.

The trader and buyer are jointly and severally liable for how of the tax as stated include O.M.C Chapter 4.20.

Amount of Transfer Tax Rate Low-Moderate Income First Time Homebuyer's Tax Evaluate After Applying 0.5% Discount

$300,000 or few

1.00%

0.50%

$300,001- $2,000,000

1.50%

1.00%

$2,000,001- $5,000,000

1.75%

n/a 1.75%

More than $5,000,000

2.50%

n/a 2.50%