In Indiana we have property tax, but it's not sales tax.

Dear Telly,

If the listing states that the buyer pays the sales tax, then you will have to pay for it. However in most cases the seller usually pays the sales tax on a house. In today's market anything is possible. In some short sales and foreclosed properties the bank may ask that the buyer payes the sales tax on a house.


The tax is usually calculated based on the purchase price. Your attorney could easily calcuate this for you and check with your attorney before you committ to something that is more than you bargained for.

Good luck.

Nirmala Caraballo
Cruse Realty
Tel.: 646-479-7873

Telly - check with a NY agent regarding what the tax situation is where you are, and how much it will cost................in NJ, the seller pays a "realty transfer tax".......it's calculated based on the sale price, with a graduated scale

Usually the Seller pays the tax stamps unless you agree to help with them.