File Updated First documented
Rhode Island Closing Cost Calculator
Rhode Island conveyance tax is $3.75 per $500 of value, plus another $3.75 per $500 above $824,000 on residential sales in 2026. Estimate 2026 conveyance tax using the indexed residential threshold, then add your title, lender, recording and other quoted closing charges.
Rhode Island conveyance tax and settlement worksheet
Reviewed 2026–2027 ordinary taxable deed: $3.75 per $500 or fraction on the full consideration above $100, plus $3.75 per $500 or fraction above $824,000 for residential real property in 2026. Calendar 2027 residential transfers require the actual published indexed threshold and source confirmation. Confirm the consideration including remaining liens. Mobile/manufactured homes, exemptions and separate nonresident withholding are excluded.
The 2026 residential threshold is $824,000
The Division of Taxation's January 8, 2026 advisory sets the residential Tier 2 threshold at $824,000. The earlier $800,000 figure is not the threshold for calendar 2026. The annual inflation adjustment means a calculator must identify its transfer year.
Tier 1 charges $3.75 per $500 or fraction on the entire taxable consideration when it exceeds $100. Residential Tier 2 adds another $3.75 per $500 or fraction on the portion above $824,000. Nonresidential real property does not receive this residential second tier.
Rounding affects both tiers at the boundary
A residential transfer at exactly $824,000 produces $6,180.00. At $824,000.01, rounding the full consideration and the excess separately gives $6,187.50. The one-cent increase starts a new $500 unit in each tier; a smooth percentage calculation would miss that result.
At a hypothetical $1 million, Tier 1 is $7,500 and residential Tier 2 is $1,320, for $8,820 total. A nonresidential transfer at the same consideration has $7,500 under this model. The examples below use the same calculation as the interactive worksheet.
Confirm taxable consideration and the payment agreement
The Division's conveyance-tax guidance includes remaining liens and encumbrances in consideration. Use the optional taxable-value field when the confirmed deed amount differs from the sale price. The seller pays unless an agreement assigns the tax differently; the allocation input changes the worksheet's buyer and seller shares.
The same guidance describes a separate rule for mobile or manufactured homes. Do not select the ordinary residential option for those transactions. Exempt transfers and acquired real estate company transactions also require confirmation beyond this ordinary-deed model.
| Parameter | Amount | In effect | Primary source |
|---|---|---|---|
| Conveyance tax, Tier 1 | $3.75 per $500 or fraction of the whole consideration above $100 | Current | Division of Taxation |
| Residential Tier 2 | A further $3.75 per $500 or fraction above $824,000 | Calendar 2026 | ADV 2026-01 |
| Recording a warranty or quitclaim deed | $80 | Current statute | R.I. Gen. Laws 34-13-7 |
| Recording a mortgage | $60 | Current statute | R.I. Gen. Laws 34-13-7 |
| Discharge or partial release of a mortgage | $45 | Current statute | R.I. Gen. Laws 34-13-7 |
| Additional pages | Up to $1 for each additional page or fraction | Current statute | R.I. Gen. Laws 34-13-7(b) |
Recording fees are set by instrument type
Rhode Island land records are kept by each city or town, but section 34-13-7 fixes what the recording officers charge. The price depends on what the document is: $80 for a warranty or quitclaim deed, $60 for a mortgage and $45 for a discharge of mortgage. Officers are allowed to add $1 for each additional page, and ten percent of the fees is set aside by the city or town for document preservation and technology.
A buyer who records a deed and a new mortgage therefore starts at $140 before any page charges. A seller whose payoff produces a discharge of the old mortgage starts at $45. Ask the closing agent for the page counts and enter the resulting total for your side in the recording quote line.
Conveyance tax is not the entire settlement
Enter legal, lender and title charges from actual quotes. Nonresident withholding is a separate obligation and is not calculated here. If your settlement agent supplies one transfer-tax quote, enter it in the transfer-tax field for your side; it replaces the modeled share, avoiding double counting.
| Scenario | Taxable value | State tax | Local amount | Tax subtotal |
|---|---|---|---|---|
| Residential: at the 2026 threshold | $824,000.00 | $6,180.00 | $0.00 | $6,180.00 |
| Residential: one cent over the threshold | $824,000.01 | $6,187.50 | $0.00 | $6,187.50 |
| Residential: both tiers apply | $1,000,000.00 | $8,820.00 | $0.00 | $8,820.00 |
| Nonresidential: Tier 1 only | $1,000,000.00 | $7,500.00 | $0.00 | $7,500.00 |
Last reviewed 2026-10-09. How the settlement worksheet works.
Questions about Rhode Island
- What is the Rhode Island residential conveyance threshold for 2026?
- The Division of Taxation set the 2026 Tier 2 threshold at $824,000. The additional residential tax applies only to consideration above that amount. Tier 1 still applies to the entire taxable consideration.
- Who pays Rhode Island conveyance tax?
- The seller or person making the conveyance pays unless the parties agree otherwise. The worksheet starts with a 100% seller allocation; change it to match the agreement or enter a quoted transfer-tax amount for your side.