Determining the price paid for a property
We do not keep a listing of the amounts paid for properties. However, that information can often be determined by reviewing the deed for a property. If you come into our office, our staff can help you locate an image of a deed or you can search our records online. Once you have that image, you can locate the transfer tax paid and use the following formula to calculate the approximate purchase price:
For purchases before May of 1983: Divide the transfer tax by .0011.
For purchases after May 1, 1983: Divide the transfer tax by .004.
For example, if a property was sold in 1995 and transfer taxes of $1,500 were paid, you would divide $1,500 by .004 to learn that the property was sold for approximately $375,000.