Iowa seller net sheet calculator

What a Iowa seller walks away with after commission, payoffs, title, and transfer taxes. Rates and closing customs below are verified for Iowa; the calculator applies them for you, down to the county.

Calculate a Iowa net sheet Plans and pricing

State transfer tax: $1.60 per $1,000 ($0.80 per $500) on the amount over $500
Owner's title policy: Seller pays
Seller costs on $400,000: About $21,116

Iowa transfer tax

Iowa charges the real estate transfer tax of $1.60 per $1,000 ($0.80 per $500) on the amount over $500, customarily paid by the seller.

Who pays is local custom and can be changed in the contract. Rates verified 2026-09-29.
Tax	Level	Rate	Customarily paid by
Real estate transfer tax	State	$1.60 per $1,000 ($0.80 per $500) on the amount over $500	Seller

With no county or city chosen, split by local custom.
Sale price	Seller pays	Buyer pays	Total
$250,000	$399.20	$0	$399.20
$500,000	$799.20	$0	$799.20
$1,000,000	$1,599.20	$0	$1,599.20

Example Iowa seller net sheet

A $400,000 sale with a 5% commission and a $250,000 mortgage payoff. Seller closing costs come to about $21,116, or 5.3% of the price.

Title and settlement fees are typical estimates, not quotes.
Line	Seller
Sale price	$400,000
First mortgage payoff	−$250,000
Real estate commission (5%)	−$20,000
Real estate transfer tax	−$639.20
Owner's title insurance policy	−$175
Settlement / closing fee	−$250
Release / satisfaction recording	−$12
Wire / courier / payoff processing	−$40
Estimated net before property tax prorations	$128,883.80

Run it with your own numbers. Choose the county to add local taxes, and enter the closing date to prorate property taxes.

Who pays what in Iowa

Iowa has no title insurance companies; seller pays the abstract update (~$400) and buyer pays the attorney title opinion; Iowa Title Guaranty (~$175) is optional. Closings are usually handled by a title company or attorney. The settlement or escrow fee is customarily split between buyer and seller.

Abstract state. The tax proration here covers only the current fiscal year; add the prior unpaid year manually if applicable.

Property tax prorations

Property taxes are paid in arrears on a tax year starting in July. The typical effective rate is about 1.5% of value per year. Fiscal year Jul-Jun paid about 18 months in arrears (halves due Sep 30 and Mar 31 of the following fiscal year); seller credits buyer for all unpaid periods through closing.

Sources

tax.iowa.gov

Verified 2026-09-29. A net sheet is an estimate, not a closing statement or tax advice. Final figures come from the title or escrow company. See a rate that looks wrong? Email [email protected].

Iowa net sheet questions

Does Iowa have a real estate transfer tax?

Iowa charges the real estate transfer tax of $1.60 per $1,000 ($0.80 per $500) on the amount over $500, customarily paid by the seller.

How much is the transfer tax on a $500,000 home in Iowa?

With no county or city chosen, the transfer tax on a $500,000 sale is about $799, customarily paid by the seller.

How much are seller closing costs in Iowa?

On a $400,000 sale with a 5% commission, estimated seller costs in Iowa come to about $21,116 (5.3% of the price), including $20,000 of commission. Without commission, closing costs are about $1,116. Local taxes, the payoff, and property tax prorations change the final number.

Who pays for title insurance in Iowa?

Iowa has no title insurance companies; seller pays the abstract update (~$400) and buyer pays the attorney title opinion; Iowa Title Guaranty (~$175) is optional.

Who handles the closing in Iowa?

Closings are usually handled by a title company or attorney.

How are property taxes prorated when selling a home in Iowa?

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