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Closing Costs in Alexandria, VA
Calculate closing costs for real estate transactions in Alexandria, VA. As an independent city, Alexandria has its own recording office but follows Virginia's standard tax schedule. Median home prices hover around $625,000.
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Local Taxes & Fees in Alexandria, VA
Alexandria is an independent city in Virginia, meaning it operates its own circuit court clerk's office for recording. However, the tax rates mirror the state standard: recordation tax at $0.25 per $100 for buyers and grantor tax at $0.50 per $500 for sellers. Alexandria's mix of condos, townhomes, and single-family homes means closing costs can vary widely based on property type and HOA transfer fees.
Frequently Asked Questions — Alexandria, VA Closing Costs
How much are closing costs in Alexandria, VA?
Closing costs in Alexandria, VA typically range from 2% to 5% of the purchase price for buyers and 1% to 3% for sellers. For a $500,000 home, expect $10,000–$25,000 in buyer closing costs. Exact amounts depend on loan type, title insurance choices, and City of Alexandria recording fees.
Who pays closing costs in Alexandria, Virginia?
Both buyers and sellers pay closing costs in Virginia. Buyers typically cover title insurance, loan fees, recording fees, and prepaid items. Sellers pay the grantor tax, their settlement fee, and agent commissions. In Alexandria, some costs are negotiable between parties.
What is the grantor tax in Virginia?
The Virginia grantor tax is $0.50 per $500 of the sale price (effectively 0.1%). This is paid by the seller at closing. On a $500,000 home, the grantor tax is $500.
Does Alexandria have additional local transfer taxes?
City of Alexandria may have additional local recordation taxes on top of Virginia's state rate. Contact Pruitt Title LLC for the exact rates applicable to your transaction in Alexandria.
Need a Precise Closing Cost Estimate?
These are estimates based on standard City of Alexandria rates. Every transaction is different — contact Will Rapuano at Pruitt Title LLC for an accurate, line-by-line closing cost breakdown for your Alexandria, VA property.