Transfer tax
Kentucky charges a real estate transfer tax of $0.50 per $500 of value. It is customarily charged to the grantor, and how it applies to a gift with no consideration is confirmed when we prepare the deed.
Kentucky has 120 counties, more than all but two states, and a deed here is signed by the grantor and also certified as to consideration by both parties before the county clerk will record it. Beyond the paperwork, the state runs from bluegrass horse farms to eastern coalfield land where the minerals were severed a century ago.
Federal tax rules are the same in every state. These three are set by Kentucky and by the county where the property sits.
Kentucky charges a real estate transfer tax of $0.50 per $500 of value. It is customarily charged to the grantor, and how it applies to a gift with no consideration is confirmed when we prepare the deed.
A Kentucky deed carries a sworn certificate of consideration or estimated fair cash value, signed by both parties and notarized, and the clerk computes the transfer tax from it. There is no separate form to chase afterwards. We prepare it as part of the deed.
Deeds are recorded with the county clerk for the county where the property sits. You sign before a notary wherever you live, and we handle the filing.
Four situations that recur across the state.
Each links to the full guide for that type, including how a donation compares with selling.
Six Kentuckys, and the coalfields are their own country.
Shotgun and bungalow housing, small rental buildings and lots between occupied houses.
Horse farm acreage, inherited houses and small commercial in the surrounding county seats.
Hillside housing across from Cincinnati, older river town buildings and infill land.
Severed minerals, steep land, floodplain housing and towns where the buildings outnumber the buyers.
Cave country and lake property, pasture and hay ground, and recreational parcels.
Row crop ground, river bottom land and small-town commercial buildings.
Kentucky charges a real estate transfer tax of $0.50 per $500 of value. It is customarily charged to the grantor, and how it applies to a gift with no consideration is confirmed when we prepare the deed.
No. We prepare the deed in the form Kentucky requires for the county where the property sits, you sign before a notary where you live, and we record it with the county clerk.
Yes, and it is the normal situation in the eastern counties. Surface-only ownership is ordinary fee ownership with a known limitation, and the appraisal reflects exactly what you own. Tell us the county and the parcel and we will check the severance in the chain.
Kentucky has a state income tax, and how it treats a charitable contribution is set by Kentucky law rather than by us. Your federal deduction follows the usual IRS rules. Take the state question to your own advisor.
Often yes. An undivided fractional interest in the whole is treated differently from a carved-out piece, and it is the more workable of the two. Tell us how the interests arose and how many owners there are.
We do not provide tax or legal advice. State and local transfer tax rules change; we confirm current requirements when we prepare each deed. Consult your own advisor.
The county and a parcel number are enough to start.