Magna, Utah seller closing costs and net sheet

Selling a $375,000 home in Magna (about the median value there)? Expect about $20,699 in seller closing costs with a 5% commission. That is 5.5% of the price. Utah has no transfer tax.

See who pays what when you sell a home in Magna. It is in Salt Lake County, Utah, 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

Free Magna net sheet calculator

Free Magna seller net sheet calculator

Change any number and the local costs update.

Real estate commission (5%)	−$18,750
First mortgage payoff	−$225,000
Release / satisfaction recording	−$30
Title insurance and settlement	−$1,869
Other closing fees	−$50
Estimated net to seller	$129,301

Set for a July 1 closing. The full calculator adds your own date, credits, a PDF and email. Open the full net sheet

Median home value: $376,200
Transfer tax on $375,000: None
Seller costs on $375,000: About $20,699
Median property tax bill: $2,512 a year
County: Salt Lake County
Population: 35,401

How much are seller closing costs in Magna?

About $20,699 on a $375,000 sale, or 5.5% of the price. The 5% agent commission is $18,750 of that. Title insurance, the escrow fee, recording and other fees add about $1,949. Your loan payoff also comes out of the sale, but it is not a closing cost.

Is there a transfer tax in Magna?

No. Utah does not charge a real estate transfer tax, so you pay none when you sell in Magna.

What does a seller net on a typical Magna home?

About $129,301, before property tax prorations. That is for a $375,000 sale, close to the city's median home value of $376,200, with a 5% commission and a $225,000 loan payoff. Homes in Magna are worth less than the Salt Lake County median of $525,700.

Title and settlement fees are typical estimates, not quotes.
Line	Seller
Sale price	$375,000
First mortgage payoff	−$225,000
Real estate commission (5%)	−$18,750
Owner's title insurance policy	−$1,368.75
Escrow fee	−$500
Release / satisfaction recording	−$30
Wire / courier / payoff processing	−$50
Estimated net before property tax prorations	$129,301.25

Run it with your own numbers.

How does Magna compare with Salt Lake County?

The median home value in Magna is $376,200, 28% lower than the Salt Lake County median of $525,700. Homeowners pay a median tax bill of $2,512 a year, 11% lower than the county's $2,836. On the same $375,000 sale, the transfer tax is the same as elsewhere in the county.

Home value, tax bill and population: Census Bureau American Community Survey, 2020–2024. Costs from the rules engine, 5% commission.
Figure	Magna	Salt Lake County
Median home value	$376,200	$525,700
Median property tax bill	$2,512 a year	$2,836 a year
Tax bill as a share of value	0.67%	0.54%
Transfer tax on $375,000	None	None
Seller costs on $375,000	About $20,699	About $20,699
Population	35,401	1,196,523

Who pays closing costs in Magna?

Here is who pays what in Magna, by custom. The seller pays the agent commission and the owner's title policy. The buyer pays for the lender's title policy and the fee to record the deed. Buyer and seller split the escrow fee. An escrow company runs the closing. Magna closings follow Salt Lake County customs.

How are property taxes split when you sell in Magna?

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 city pay a median property tax bill of $2,512 a year. That is about 0.67% of the median home value of $376,200. Calendar year; due Nov 30 (in arrears).

Rates verified 2026-09-29. Home value and tax bill: Census Bureau American Community Survey, 2020–2024. A net sheet is an estimate; final figures come from the escrow company.

Magna seller net sheet questions

Do you pay a transfer tax when you sell in Magna, Utah?

No. Utah has no real estate transfer tax, so a seller there pays none.

What are seller closing costs in Magna without the commission?

About $1,949 on a $375,000 sale. With a 5% commission, the total is about $20,699, or 5.5% of the price. Your loan payoff and the property tax proration change what you take home.

Are homes in Magna worth more than in the rest of Salt Lake County?

No. The median home value is $376,200 in Magna and $525,700 across Salt Lake County (Census Bureau American Community Survey, 2020-2024). The median tax bill is $2,512 in Magna and $2,836 in the county.

What county is Magna in?

It is in Salt Lake County, Utah. Utah has no transfer tax. State and county rules set the recording fees. Local custom decides who pays for title and closing. In Magna, the seller pays for the owner's title policy by custom. Buyer and seller split the escrow fee.

How much are property taxes in Magna?

Homeowners in the city pay a median property tax bill of $2,512 a year. That is about 0.67% of the median home value of $376,200 (Census Bureau American Community Survey, 2020-2024).

Is the Magna net sheet calculator free?

Yes. It is free to use, and you do not need an account to try it. It applies Utah and local rates for you.