Transfer Tax Calculator

Iowa Real Estate Transfer Tax Description

The tax is imposed on the total amount paid for the property. The tax is paid to the county recorder in the county where the real property is located.

Tax Rate

The calculation is based on $1.60 per thousand, with the first $500 being exempt.

Distribution of Funds

17.25% of the tax receipts are retained by the county. Of the remaining 82.75%, 95% goes in the State General Fund and 5% in the Shelter Assistance Fund for the rehabilitation, expansion, or costs of operations of group home shelters for the homeless and domestic violence shelters.

Due Date(s) of Returns

Tax is payable when the deed or other instrument conveying the real property is presented for recording. Tax returns must be filed by the county recorder with the State Treasurer by the 10th day of each month for tax collected during the preceding month.

Source: Iowa Department of Revenue & Finance

Link to Transfer Tax Calculator

Source: Iowa Land Records