Know Before You Close: Vermont

Like so many others, Vermont is an “attorney state,” meaning an attorney’s involvement is required in all residential real estate purchase transactions.

Recording fees🔗

The recording fees in Vermont are scaled by the size (length in page count) of each security instrument (mortgage), conveyance instrument (deed), or other recordable sent to the county for recordation.

Those recording fees are statewide, with no variation by county.

State transfer tax discount🔗

Vermont offers a discounted state transfer tax rate for the first $100,000 of consideration, more commonly known as the purchase price, if the subject property of the transaction is the buyer’s principal residence.