Nh Real Estate Transfer Tax Calculator 2018

Calculate the New Hampshire real estate transfer tax for 2018 with this official calculator. The transfer tax applies to the sale of real property in New Hampshire and is based on the sale price of the property. This calculator provides an estimate of the tax owed based on the 2018 tax rates and exemptions.

How to Use This Calculator

To calculate the New Hampshire real estate transfer tax for 2018, follow these steps:

Enter the sale price of the property in the "Sale Price" field.
Select the type of property from the dropdown menu.
Click the "Calculate" button to see the estimated transfer tax.

The calculator will display the estimated transfer tax based on the sale price and property type. The result will show the total tax owed and the breakdown of the calculation.

Formula Used

The New Hampshire real estate transfer tax for 2018 is calculated using the following formula:

Transfer Tax = Sale Price × Tax Rate

The tax rate varies depending on the type of property being sold. For residential properties, the tax rate is 0.5%. For commercial properties, the tax rate is 1%.

This formula is applied to the sale price of the property to determine the total transfer tax owed. The calculator uses these standard rates to provide an accurate estimate.

Worked Examples

Here are two examples of how the calculator works:

Example 1: Residential Property

If you sell a residential property for $250,000, the transfer tax would be calculated as follows:

Transfer Tax = $250,000 × 0.5% = $1,250

The estimated transfer tax for this sale would be $1,250.

Example 2: Commercial Property

If you sell a commercial property for $500,000, the transfer tax would be calculated as follows:

Transfer Tax = $500,000 × 1% = $5,000

The estimated transfer tax for this sale would be $5,000.

Frequently Asked Questions

What is the New Hampshire real estate transfer tax?

The New Hampshire real estate transfer tax is a tax imposed on the sale of real property within the state. The tax rate varies depending on the type of property being sold.

How is the transfer tax calculated?

The transfer tax is calculated by multiplying the sale price of the property by the applicable tax rate. The tax rate is 0.5% for residential properties and 1% for commercial properties.

Are there any exemptions from the transfer tax?

Yes, there are exemptions for certain types of property sales, such as sales to qualified nonprofits or sales to certain government entities. These exemptions are not included in this calculator.