Halls, Tennessee transfer tax, closing costs and net sheet
Selling a $320,000 home in Halls (about the median value there)? Expect about $16,407 in seller closing costs with a 5% commission. That is 5.1% of the price. The $1,184 transfer tax is paid by the buyer here.
See who pays what when you sell a home in Halls. It is in Knox County, Tennessee, and we apply the state and local rates for you.
Rates last checked September 2026. Reviewed by Harrison Farrell, founder. How we get these numbers
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| Real estate commission (5%) | −$16,000 |
| First mortgage payoff | −$190,000 |
| Release / satisfaction recording | −$12 |
| Title insurance and settlement | −$350 |
| Other closing fees | −$45 |
| Estimated net to seller | $113,593 |
- Median home value
- $321,300
- Transfer tax on $320,000
- $1,184
- Seller costs on $320,000
- About $16,407
- Median property tax bill
- $1,012 a year
- County
- Knox County
- Population
- 10,272
How much are seller closing costs in Halls?
About $16,407 on a $320,000 sale, or 5.1% of the price. The 5% agent commission is $16,000 of that. The settlement fee, recording and other fees add about $407. Your loan payoff also comes out of the sale, but it is not a closing cost.
How much is the transfer tax in Halls?
About $1,184 on a $320,000 sale. It is the realty transfer tax. By custom, the buyer pays it. If the buyer borrows 80% of the price, the buyer also pays $292 in mortgage tax: Mortgage recordation tax.
| Tax | Rate | Paid by | On $320,000 |
|---|---|---|---|
| Realty transfer tax | $0.37 per $100 (0.37% of the price) | Buyer | $1,184 |
| Mortgage recordation tax | $0.115 per $100 over $2,000 | Buyer | $292.10 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $0 | $925 | $925 |
| $320,000 local median value | $0 | $1,184 | $1,184 |
| $500,000 | $0 | $1,850 | $1,850 |
| $1,000,000 | $0 | $3,700 | $3,700 |
What does a seller net on a typical Halls home?
About $113,593, before property tax prorations. That is for a $320,000 sale, close to the area's median home value of $321,300, with a 5% commission and a $190,000 loan payoff.
| Line | Seller |
|---|---|
| Sale price | $320,000 |
| First mortgage payoff | −$190,000 |
| Real estate commission (5%) | −$16,000 |
| Settlement / closing fee | −$350 |
| Release / satisfaction recording | −$12 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $113,593 |
How does Halls compare with Knox County?
The median home value in Halls is $321,300, about the same as the Knox County median of $320,900. Homeowners pay a median tax bill of $1,012 a year, 26% lower than the county's $1,367. On the same $320,000 sale, the transfer tax is the same as elsewhere in the county: $1,184.
| Figure | Halls | Knox County |
|---|---|---|
| Median home value | $321,300 | $320,900 |
| Median property tax bill | $1,012 a year | $1,367 a year |
| Tax bill as a share of value | 0.31% | 0.43% |
| Transfer tax on $320,000 | $1,184 | $1,184 |
| Seller costs on $320,000 | About $16,407 | About $16,407 |
| Population | 10,272 | 494,148 |
Who pays closing costs in Halls?
Here is who pays what in Halls, by custom. The seller pays the agent commission. The buyer pays for the owner's title policy, the transfer tax, the lender's title policy and the fee to record the deed. Buyer and seller split the settlement fee. A title company or attorney runs the closing. Halls closings follow Knox County customs.
How are property taxes split when you sell in Halls?
At closing, the year's tax bill is split by the day. Taxes here are paid in arrears, after the time they cover, so the seller usually credits the buyer for the days the seller owned the home. Homeowners in the area pay a median property tax bill of $1,012 a year. That is about 0.31% of the median home value of $321,300. Bills issued Oct 1 for the calendar year, due Feb 28; seller credits buyer when unpaid.
Rates verified 2026-09-30. Home value and tax bill: Census Bureau American Community Survey, 2020–2024. A net sheet is an estimate; final figures come from the title company.
Halls seller net sheet questions
Who pays the transfer tax in Halls, Tennessee?
The buyer, by custom. On a $320,000 sale the tax is $1,184. The contract can change who pays.
What are seller closing costs in Halls without the commission?
About $407 on a $320,000 sale. With a 5% commission, the total is about $16,407, or 5.1% of the price. Your loan payoff and the property tax proration change what you take home.
Are homes in Halls worth more than in the rest of Knox County?
About the same. The median home value is $321,300 in Halls and $320,900 across Knox County (Census Bureau American Community Survey, 2020-2024). The median tax bill is $1,012 in Halls and $1,367 in the county.
What county is Halls in?
It is in Knox County, Tennessee. State and local rules set the transfer taxes and recording fees. Local custom decides who pays for title and closing. In Halls, the buyer pays for the owner's title policy by custom. Buyer and seller split the settlement fee.
How much are property taxes in Halls?
Homeowners in the area pay a median property tax bill of $1,012 a year. That is about 0.31% of the median home value of $321,300 (Census Bureau American Community Survey, 2020-2024).
Is the Halls net sheet calculator free?
Yes. It is free to use, and you do not need an account to try it. It applies Tennessee and local rates for you.
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