Closing Costs

SELLER PAYS:

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1. Transfer Tax

$4.00 per $1,000.00

2. Search

Starts at $75.00 & includes tax Search in Franklin
County. Higher in Hamilton County

3. Preparation of Deed

Included in Attorney’s fee

4. Pro-Rated Taxes

Village—June-June

School—July 1-June 30

Town— January to January

Water & Sewer is applicable

5. Attorney’s Fee

Call Attorney’s Office

6. Capital Gain Tax

IT-2063, 9.25% due at closing for out of state Sellers

BUYER PAYS:

 

1. Mortgage Tax

1% rounded to the nearest $1.00 in Franklin County

2. 2nd Search Update

Starts at $65.00

3. Pro-Rated Taxes

Village—June to June

School July 1-June 30

Town— January to January

Water & Sewer is applicable

Oil or Propane Gas if applicable

4. Recording Fees

Deed & Mortgage—$45.00 per Document, plus $5.00 each page

5. Attorney Fees

Call Attorney’s Office

6. Homeowner’s Insurance

Call your local Agent

7. Title Insurance

Only if required

8. Survey

Only if required