Rhode Island seller net sheet calculator
What a Rhode Island seller walks away with after commission, payoffs, title, and transfer taxes. Rates and closing customs below are verified for Rhode Island; the calculator applies them for you, down to the county.
- State transfer tax
- $3.75 per $500 + Additional $3.75 per $500 over $824,000 (residential; indexed yearly)
- Owner's title policy
- Buyer pays
- Seller costs on $400,000
- About $24,044
Rhode Island transfer tax
Rhode Island charges the real estate conveyance tax of $3.75 per $500, customarily paid by the seller; and the real estate conveyance tax (residential portion above threshold) of Additional $3.75 per $500 over $824,000 (residential; indexed yearly), customarily paid by the seller.
| Tax | Level | Rate | Customarily paid by |
|---|---|---|---|
| Real estate conveyance tax | State | $3.75 per $500 | Seller |
| Real estate conveyance tax (residential portion above threshold)Applies: single family, condo, townhome, coop, multi familyR.I. Gen. Laws 44-25-1; $800,000 threshold indexed ($824,000 for 2026 per Advisory 2026-01, secondary). | State | Additional $3.75 per $500 over $824,000 (residential; indexed yearly) | Seller |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $1,875 | $0 | $1,875 |
| $500,000 | $3,750 | $0 | $3,750 |
| $1,000,000 | $8,820 | $0 | $8,820 |
Example Rhode Island seller net sheet
A $400,000 sale with a 5% commission and a $250,000 mortgage payoff. Seller closing costs come to about $24,044, or 6% of the price.
| Line | Seller |
|---|---|
| Sale price | $400,000 |
| First mortgage payoff | −$250,000 |
| Real estate commission (5%) | −$20,000 |
| Real estate conveyance tax | −$3,000 |
| Settlement / closing fee | −$250 |
| Seller's attorney fee | −$700 |
| Release / satisfaction recording | −$49 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $125,956 |
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 Rhode Island
Buyer pays the owner's policy. Closings are usually handled by an attorney, and an attorney is customarily required at closing. The settlement or escrow fee is paid by each side for its own closing.
Attorney closings. Seller pays conveyance tax.
Property tax prorations
Property taxes are paid in advance. The typical effective rate is about 1.4% of value per year. Most towns bill quarterly on a calendar or Jul-Jun fiscal year, paid in advance of each quarter.
Sources
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].
Rhode Island net sheet questions
Does Rhode Island have a real estate transfer tax?
Rhode Island charges the real estate conveyance tax of $3.75 per $500, customarily paid by the seller; and the real estate conveyance tax (residential portion above threshold) of Additional $3.75 per $500 over $824,000 (residential; indexed yearly), customarily paid by the seller.
How much is the transfer tax on a $500,000 home in Rhode Island?
With no county or city chosen, the transfer tax on a $500,000 sale is about $3,750, customarily paid by the seller.
How much are seller closing costs in Rhode Island?
On a $400,000 sale with a 5% commission, estimated seller costs in Rhode Island come to about $24,044 (6% of the price), including $20,000 of commission. Without commission, closing costs are about $4,044. Local taxes, the payoff, and property tax prorations change the final number.
Who pays for title insurance in Rhode Island?
Buyer pays the owner's policy.
Who handles the closing in Rhode Island?
Closings are usually handled by an attorney, and an attorney is customarily required at closing.
How are property taxes prorated when selling a home in Rhode Island?
Property taxes are paid in advance. The typical effective rate is about 1.4% of value per year. Most towns bill quarterly on a calendar or Jul-Jun fiscal year, paid in advance of each quarter.
Net sheets in other states
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