Free Muscle Shoals, Alabama seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Muscle Shoals, Alabama (Colbert County). The calculator applies the local rates for you.
- Median home value
- $198,300
- Transfer tax on $200,000
- $40
- Seller costs on $200,000
- About $11,635
- Median property tax bill
- $843 a year
- County
- Colbert County
- Population
- 17,409
Muscle Shoals transfer tax
On a $200,000 sale in Muscle Shoals, transfer taxes come to $40: Deed recording tax. By custom the seller pays it. A buyer who finances 80% of the price also pays $240 in mortgage taxes (Mortgage recording tax).
| Tax | Rate | Paid by | On $200,000 |
|---|---|---|---|
| Deed recording tax | $0.50 per $500 of price above the new mortgage | Seller | $40 |
| Mortgage recording tax | $0.15 per $100 | Buyer | $240 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $200,000 local median value | $40 | $0 | $40 |
| $250,000 | $50 | $0 | $50 |
| $500,000 | $100 | $0 | $100 |
| $1,000,000 | $200 | $0 | $200 |
Example Muscle Shoals seller net sheet
A $200,000 sale, close to Muscle Shoals's median home value of $198,300, with a 5% commission and a $120,000 mortgage payoff. Seller costs come to about $11,635, or 5.8% of the price.
| Line | Seller |
|---|---|
| Sale price | $200,000 |
| First mortgage payoff | −$120,000 |
| Real estate commission (5%) | −$10,000 |
| Deed recording tax | −$40 |
| Owner's title insurance policy | −$825 |
| Settlement / closing fee | −$350 |
| Seller's attorney fee | −$350 |
| Release / satisfaction recording | −$25 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $68,365 |
Who pays what in Muscle Shoals
Muscle Shoals closings follow Colbert County customs. In Colbert County, the seller customarily pays the owner's title policy. The settlement fee is customarily split between buyer and seller. Closings are usually handled by an attorney, and each side normally has its own attorney.
Property taxes in Muscle Shoals
The median property tax bill for homeowners in Muscle Shoals is $843 a year, about 0.43% of the median home value of $198,300 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Fiscal year Oct 1-Sep 30, billed Oct 1 in arrears; seller credits buyer.
Rates verified 2026-09-29. Home value and tax bill: Census Bureau American Community Survey, 2019–2023. A net sheet is an estimate; final figures come from the title company.
Muscle Shoals seller questions
How much is the transfer tax in Muscle Shoals, Alabama?
On a $200,000 sale in Muscle Shoals, transfer taxes come to $40: Deed recording tax. By custom the seller pays it. A buyer who finances 80% of the price also pays $240 in mortgage taxes (Mortgage recording tax).
How much are seller closing costs in Muscle Shoals?
On a $200,000 sale, close to the median home value in Muscle Shoals, with a 5% commission, estimated seller costs are about $11,635 (5.8% of the price). Without commission they are about $1,635. The loan payoff and property tax proration change the final number.
What county is Muscle Shoals in, and does it matter at closing?
Muscle Shoals is in Colbert County, Alabama. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Colbert County, the seller customarily pays the owner's title policy. The settlement fee is customarily split between buyer and seller.
How much are property taxes in Muscle Shoals?
The median property tax bill for homeowners in Muscle Shoals is $843 a year, about 0.43% of the median home value of $198,300 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Fiscal year Oct 1-Sep 30, billed Oct 1 in arrears; seller credits buyer.
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