Transfer tax in Culver City, California: local rates and cost

In short

Culver City charges 2 local taxes on a home sale: Culver City real property transfer tax, County documentary transfer tax. California has no state transfer tax. On the median owner-occupied home ($1,142,900), local taxes come to $6,400, or 0.56% of the price.

Median value: $1,142,900 median value of owner-occupied homes, Culver City city, California (Census ACS 2020-2024 5-year, table B25077). It is an owner estimate, not a sale price.

What you pay at different prices

Before exemptions and credits (first-time buyers, transfers between relatives…), which are listed below when the source gives them. The tax due on your deed is the one the recorder computes.

The rates, tax by tax

Culver City real property transfer tax (Measure RE)

MARGINAL: 0.45% on the portion up to $1,499,999; 1.5% on $1.5M-$2,999,999; 3% on $3M-$9,999,999; 4% on $10M and above (city formula e.g. '$6,750 + 1.5% x (value - $1,500,000)').

Who pays: Either the seller or buyer may pay the real property transfer tax during the transfer or sale. (culvercity.gov/rptt, read via WebFetch)

Exemptions: 100% deed-restricted affordable housing and first transfer of newly built multifamily taxed at 0.45% on entire value (culvercity.gov).

In force: Measure RE effective April 1, 2021 (culvercity.gov via WebFetch).. Source: Los Angeles County Registrar-Recorder/County Clerk — Documentary Transfer Tax.

County documentary transfer tax

$0.55 per $500 of consideration or fraction thereof (= $1.10 per $1,000, 0.11%) when consideration exceeds $100; value is net of liens/encumbrances remaining on the property (assumed loans excluded).

Exemptions: Statutory exemptions in R&T Code §§11921-11930 (e.g. security for debt, gifts, certain trust transfers, divorce transfers, changes in method of holding title).

In force: Statute in force; rate unchanged.. Source: California Legislative Information — Revenue and Taxation Code §11911.

Questions

How much local transfer tax do you pay on a median home in Culver City?

$6,400 on $1,142,900, the median value of owner-occupied homes (Census ACS). Payotte computes it from the rates published by the official sources cited on the page.

Who pays the Culver City real property transfer tax in Culver City?

Either the seller or buyer may pay the real property transfer tax during the transfer or sale. (culvercity.gov/rptt, read via WebFetch)

Is the local tax on top of the California tax?

Yes. The local taxes listed here are added to the California state transfer tax.