Maryland seller net sheet and closing costs

In Maryland, the seller usually pays the agent commission, their own loan payoff and half of the state transfer tax. The buyer usually pays the lender fees, the lender's title policy, half of the state transfer tax and the owner's title policy. Each side pays its own settlement or escrow fee.

The buyer usually pays for the owner's title policy in Maryland. In Maryland, each title insurer files its own rates. So prices differ between title companies. The net sheet uses typical rates. The title company that runs the closing gives the final quote. A title company or attorney usually handles the closing.

All transfer and recordation taxes are split 50/50 by custom unless the buyer is a first-time Maryland homebuyer (then the buyer's share of the state transfer tax is waived and, by statute, the seller pays the remaining state transfer tax).

NetSheet.org is not tied to any title company. The net sheet works with any title or escrow company. See how it compares with title company net sheet tools.

Each side pays the taxes for the days it owns the home. Property taxes in Maryland are paid in advance. So the buyer usually pays the seller back for days after closing that the seller already paid. The tax year starts in July. Taxes run about 1.05% of the home's value per year. Fiscal year Jul-Jun, billed Jul 1; owner-occupied homes pay in halves due Sep 30 and Dec 31. Seller is credited for prepaid months and owes an unpaid half through closing.

• dat.maryland.gov
• montgomerycountymd.gov

Checked 2026-09-30. A net sheet is an estimate. It is not a closing statement or tax advice. The title or escrow company gives the final figures. See a rate that looks wrong? Email [email protected].