| Transfer tax | Property transfer tax, paid by the buyer: 0.5% on the first $200,000 of a principal residence (1.25% plus a 0.22% clean water surcharge on value above that); non-principal residences pay 3.4% plus the surcharge (3.62%) (Act 181 of 2024). |
|---|---|
| Usually paid by | Buyer (customary) |
| Attorney at closing | Not required |
| Recording | Recording fees are set by the town clerk, typically a flat fee per page. |
What drives your total
Lender fees, title insurance, prepaid taxes and insurance, and any points you buy move the number most. On a $400,000 purchase, 2–5% means roughly $8,000–$20,000 at the table, your Loan Estimate itemizes every dollar three business days before closing.
Ways to reduce cash to close
- Seller credits (negotiated in the contract, program limits apply)
- Lender credits in exchange for a slightly higher rate
- Down payment assistance programs where available
- Closing on time, per-diem interest accrues daily
Sources: Tax Foundation 2026 (2024 ACS); VT Dept. of Taxes (Act 181 of 2024). Figures are typical ranges, not quotes.
FAQ
How much are closing costs in Vermont?
Buyer closing costs in Vermont typically run 2–5% of the purchase price. State-specific items include: Property transfer tax, paid by the buyer: 0.5% on the first $200,000 of a principal residence (1.25% plus a 0.22% clean water surcharge on value above that); non-principal residences pay 3.4% plus the surcharge (3.62%) (Act 181 of 2024).
Who pays transfer tax in Vermont?
Customarily the buyer (customary) pays the transfer tax in Vermont, though it is negotiable in the contract.
Does Vermont require an attorney at closing?
No, Vermont does not require an attorney at closing, though title insurance is still standard.