General Area in 20878>Question Details

Sheila Parso…, Home Buyer in Massachusetts

Is Darnestown, MD actually part of Gaithersburg? Same zip?What is the transfer tax for Buyer? For Seller?

Asked by Sheila Parsons, Massachusetts Thu May 22, 2008

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Yes it is the same zipcode and actually I live off of Darnestown Rd. in Gaithersburg or North Potomac (we like to call it) I would be happy to help you! Please give me a call....
0 votes Thank Flag Link Thu Jul 26, 2012
Yes it is and as far as the transfer tax this is based on a area price etc if you have a home in question please feel free and I can give you the transfer tax based on that property.
0 votes Thank Flag Link Wed Jul 29, 2009
Hi Sheila, Darnestown is an unincorporated area that covers neighborhoods in zips 20878 (Gaithersburg / North Potomac), 20874 (Germantown) and some of 20850 (Rockville) and 20854 (Potomac). The Darnestown Civic Association maintains a web site that has a map and other details (see link below). With a few exceptions, homes in Darnestown are all on private well and septic which requires larger lot sizes -- 1 to 2+ acres. Homes here definitely have a country feel.
Web Reference: http://darnestowncivic.org/
0 votes Thank Flag Link Sun May 25, 2008
State Transfer Tax: 0.25% of Sale Price
State Recordation Tax: 0.5% of Sale Price
County Transfer Tax: Sale price - $50,000 x 0.345%
Recording Fees: $30 - $45
Express Payoff: $40 - $75
Release of Lien: $115
Settlement Fee: $250 - $300
0 votes Thank Flag Link Thu May 22, 2008
Darnestown shares zip codes with both Germantown (20874) and Gaithersburg (20878).

The combined state/county transfer tax is 1.5% and is typically split between the buyer and seller.

There is also a recording tax of .69% up to $500,000, then 1% of the portion over $500,000.

A credit of 1/4% is given on the transfer tax for first time MD homebuyers. Also, a $345 credit on the recording tax if the property is your principal residence.
0 votes Thank Flag Link Thu May 22, 2008
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