Selling a Home in Racine, Wisconsin
Racine sits in Racine County. Wisconsin sellers pay a layered transfer tax — state, county, and (in some municipalities) a city-level tax on top. The calculator above applies the correct rates for Racine automatically, alongside agent commissions, the owner's title insurance policy, attorney and escrow fees, and recording fees.
Racine Transfer Tax & Closing Costs
Wisconsin closings are handled by title companies. The seller customarily pays the Real Estate Transfer Fee and the owner's title insurance policy. Closing fees are typically split with the buyer. Recording fees in Racine County are a small fixed cost at closing.
How to Estimate Your Racine Net Proceeds
- Sale Price: Start with the agreed contract price for your Racine property.
- Mortgage Payoff: Subtract your remaining loan balance and accrued interest.
- Transfer Taxes: Apply the state, county, and any city-level transfer tax.
- Closing Costs: Deduct commissions, owner's title insurance, attorney/escrow, and recording fees.
Racine Net Proceeds = Sale Price − Mortgage Payoff − Commissions − Transfer Taxes − Closing Costs