how do i calculate the transfer tax 
to calculate the transfer tax you ll first need to know the tax rate in your state or local municipality then work the math you may see the tax expressed as a percentage or as a dollar amount for a simple 1 tax for example you d multiply the value of the property by 0 01 to find the tax for a tax that is listed as say 1 for every 1 000 in value you d divide the property value by 1 000 1 000 x 1 1 000 likewise if the tax was 1 50 for every 1 000 in value you d multiply 1 000 x 1 5 to get 1 500 then divide the property value by 1 500 if you need help there are online tax calculators you can use to estimate the transfer tax as well the bottom linepaying transfer taxes is a typically unavoidable aspect of transferring an estate or real property from one person to another when a government charges a transfer tax on an inheritance it s considered an inheritance tax but at the federal level it only applies to estates worth more than 12 92 million in 2023 13 61 million in 2024 