Ridgeland, Mississippi seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Ridgeland, Mississippi (Madison County). The calculator applies the local rates for you.
- Median home value
- $259,600
- Transfer tax on $260,000
- None
- Seller costs on $260,000
- About $13,665
- Median property tax bill
- $1,945 a year
- County
- Madison County
- Population
- 24,576
Ridgeland transfer tax
Mississippi does not charge a real estate transfer tax, so there is none to pay on a home sale in Ridgeland.
Example Ridgeland seller net sheet
A $260,000 sale, close to Ridgeland's median home value of $259,600, with a 5% commission and a $155,000 mortgage payoff. Seller costs come to about $13,665, or 5.3% of the price.
| Line | Seller |
|---|---|
| Sale price | $260,000 |
| First mortgage payoff | −$155,000 |
| Real estate commission (5%) | −$13,000 |
| Settlement / closing fee | −$300 |
| Seller's attorney fee | −$300 |
| Release / satisfaction recording | −$25 |
| Wire / courier / payoff processing | −$40 |
| Estimated net before property tax prorations | $91,335 |
Who pays what in Ridgeland
Ridgeland closings follow Madison County customs. In Madison County, the buyer 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 Ridgeland
The median property tax bill for homeowners in Ridgeland is $1,945 a year, about 0.75% of the median home value of $259,600 (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. Bills issued Dec for the calendar year, due Feb 1; 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.
Ridgeland seller questions
How much is the transfer tax in Ridgeland, Mississippi?
Mississippi does not charge a real estate transfer tax, so there is none to pay on a home sale in Ridgeland.
How much are seller closing costs in Ridgeland?
On a $260,000 sale, close to the median home value in Ridgeland, with a 5% commission, estimated seller costs are about $13,665 (5.3% of the price). Without commission they are about $665. The loan payoff and property tax proration change the final number.
What county is Ridgeland in, and does it matter at closing?
Ridgeland is in Madison County, Mississippi. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Madison County, the buyer customarily pays the owner's title policy. The settlement fee is customarily split between buyer and seller.
How much are property taxes in Ridgeland?
The median property tax bill for homeowners in Ridgeland is $1,945 a year, about 0.75% of the median home value of $259,600 (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. Bills issued Dec for the calendar year, due Feb 1; seller credits buyer.
Other cities in Madison County
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