Free Salisbury, Maryland seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Salisbury, Maryland (Wicomico County). The calculator applies the local rates for you.
- Median home value
- $217,500
- Transfer tax on $220,000
- $2,640
- Seller costs on $220,000
- About $12,780
- Median property tax bill
- $2,664 a year
- County
- Wicomico County
- Population
- 33,616
Salisbury transfer tax
On a $220,000 sale in Salisbury, transfer taxes come to $2,640: State transfer tax and Recordation tax (Wicomico County). By custom the seller pays $1,320 of that and the buyer $1,320.
| Tax | Rate | Paid by | On $220,000 |
|---|---|---|---|
| State transfer tax | 0.5% | Split 50/50 | $1,100 |
| Recordation tax (Wicomico County) | $3.50 per $500 | Split 50/50 | $1,540 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $220,000 local median value | $1,320 | $1,320 | $2,640 |
| $250,000 | $1,500 | $1,500 | $3,000 |
| $500,000 | $3,000 | $3,000 | $6,000 |
| $1,000,000 | $6,000 | $6,000 | $12,000 |
Example Salisbury seller net sheet
A $220,000 sale, close to Salisbury's median home value of $217,500, with a 5% commission and a $130,000 mortgage payoff. Seller costs come to about $12,780, or 5.8% of the price.
| Line | Seller |
|---|---|
| Sale price | $220,000 |
| First mortgage payoff | −$130,000 |
| Real estate commission (5%) | −$11,000 |
| State transfer tax | −$550 |
| Recordation tax (Wicomico County) | −$770 |
| Settlement / closing fee | −$350 |
| Release / satisfaction recording | −$60 |
| Wire / courier / payoff processing | −$50 |
| Estimated net before property tax prorations | $77,220 |
Who pays what in Salisbury
Salisbury closings follow Wicomico County customs. In Wicomico 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 Salisbury
The median property tax bill for homeowners in Salisbury is $2,664 a year, about 1.22% of the median home value of $217,500 (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.
Salisbury seller questions
How much is the transfer tax in Salisbury, Maryland?
On a $220,000 sale in Salisbury, transfer taxes come to $2,640: State transfer tax and Recordation tax (Wicomico County). By custom the seller pays $1,320 of that and the buyer $1,320.
How much are seller closing costs in Salisbury?
On a $220,000 sale, close to the median home value in Salisbury, with a 5% commission, estimated seller costs are about $12,780 (5.8% of the price). Without commission they are about $1,780. The loan payoff and property tax proration change the final number.
What county is Salisbury in, and does it matter at closing?
Salisbury is in Wicomico County, Maryland. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Wicomico 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 Salisbury?
The median property tax bill for homeowners in Salisbury is $2,664 a year, about 1.22% of the median home value of $217,500 (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.
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