Owings Mills, Maryland seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Owings Mills, Maryland (Baltimore County). The calculator applies the local rates for you.
- Median home value
- $335,000
- Transfer tax on $335,000
- $8,045
- Seller costs on $335,000
- About $21,233
- Median property tax bill
- $3,822 a year
- County
- Baltimore County
- Population
- 35,626
Owings Mills transfer tax
On a $335,000 sale in Owings Mills, transfer taxes come to $8,045: State transfer tax, Recordation tax (Baltimore County) and County transfer tax (Baltimore County, principal residence). By custom the seller pays $4,023 of that and the buyer $4,023.
| Tax | Rate | Paid by | On $335,000 |
|---|---|---|---|
| State transfer tax | 0.5% | Split 50/50 | $1,675 |
| Recordation tax (Baltimore County) | $2.50 per $500 | Split 50/50 | $1,675 |
| County transfer tax (Baltimore County, principal residence) | 1.5% above $22,000 | Split 50/50 | $4,695 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $2,960 | $2,960 | $5,920 |
| $335,000 local median value | $4,022.50 | $4,022.50 | $8,045 |
| $500,000 | $6,085 | $6,085 | $12,170 |
| $1,000,000 | $12,335 | $12,335 | $24,670 |
Example Owings Mills seller net sheet
A $335,000 sale, close to Owings Mills's median home value of $335,000, with a 5% commission and a $200,000 mortgage payoff. Seller costs come to about $21,233, or 6.3% of the price.
| Line | Seller |
|---|---|
| Sale price | $335,000 |
| First mortgage payoff | −$200,000 |
| Real estate commission (5%) | −$16,750 |
| State transfer tax | −$837.50 |
| Recordation tax (Baltimore County) | −$837.50 |
| County transfer tax (Baltimore County, principal residence) | −$2,347.50 |
| Settlement / closing fee | −$350 |
| Release / satisfaction recording | −$60 |
| Wire / courier / payoff processing | −$50 |
| Estimated net before property tax prorations | $113,767.50 |
Who pays what in Owings Mills
Owings Mills closings follow Baltimore County customs. In Baltimore County, the buyer customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing. Closings are usually handled by a title company or attorney.
Property taxes in Owings Mills
The median property tax bill for homeowners in Owings Mills is $3,822 a year, about 1.14% of the median home value of $335,000 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in advance, so at closing the bill is prorated between buyer and seller to the closing date. Fiscal year Jul-Jun, billed Jul 1 and paid in advance (semiannual option for owner-occupants); seller is credited for prepaid months.
Rates verified 2026-09-30. 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.
Owings Mills seller questions
How much is the transfer tax in Owings Mills, Maryland?
On a $335,000 sale in Owings Mills, transfer taxes come to $8,045: State transfer tax, Recordation tax (Baltimore County) and County transfer tax (Baltimore County, principal residence). By custom the seller pays $4,023 of that and the buyer $4,023.
How much are seller closing costs in Owings Mills?
On a $335,000 sale, close to the median home value in Owings Mills, with a 5% commission, estimated seller costs are about $21,233 (6.3% of the price). Without commission they are about $4,483. The loan payoff and property tax proration change the final number.
What county is Owings Mills in, and does it matter at closing?
Owings Mills is in Baltimore County, Maryland. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Baltimore County, the buyer customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing.
How much are property taxes in Owings Mills?
The median property tax bill for homeowners in Owings Mills is $3,822 a year, about 1.14% of the median home value of $335,000 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in advance, so at closing the bill is prorated between buyer and seller to the closing date. Fiscal year Jul-Jun, billed Jul 1 and paid in advance (semiannual option for owner-occupants); seller is credited for prepaid months.
Other cities in Baltimore County
- Dundalk
- Towson
- Catonsville
- Essex
- Woodlawn
- Randallstown
- Pikesville
- Milford Mill
- Middle River
- Parkville
- Perry Hall
- Carney
Cities near Owings Mills
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