Documentary Transfer Tax
The City of Richmond receives Documentary Transfer Tax from the County for the sale of properties in Richmond. As one of the most volatile revenue stream s for the City, the amounts received can vary month- to-month from the low $300 thousand to the highs of $3 million. A few large sales can widely swing the revenues.
In FY2023-24, the City budgeted $13.3 million for the Transfer Tax category and received $8.6 million, equating to a difference of $4.7 million.
For FY2024-25, the City has budgeted $7.4 million. The difference between the budgeted amounts in these two years is that in the current budget, staff did not include property sales of over $10 million. These few and unpredictable transactions skew the monthly sales amounts. Removing these transactions from the calculation yields more predictable and obtainable amounts to be used for budgeting.
As a reminder, Measure H, approved by Richmond voters in November 2018, went into effect at the end of December 2018. M easure H increased the real estate transfer tax from 0.7 percent to 1.25 percent for properties with a sale price of over $1 million but below $3 million, 2.5 percent for properties with a sale price between $3 - $10 million, and
3.0 percent for properties with a sale price over $10 million.
The table below shows each monthly payment going back to FY2018- 19 and highlights the volatility of this revenue stream. Of note are the very high payments received in certain months which are shown as significant peaks.
Attachment 4 - Documentary Transfer Tax for January 2025
County of Contra Costa
555 Escobar Street * Martinez, CA 94553
Recorder (925) 335-7900 * Fax (925) 335-7926
Report Date & Time
02/06/2025 16:23
Action City Split
$4,270.00
$6,902.00
$3,605.00
$959.00
$5,180.00
$3,143.00
$5,075.00
$18,125.00
$3,640.00
$2,450.00
$6,195.00
$5,705.00
$2,975.00
$5,425.00
$2,982.00
$4,340.00
$1,225.00
$5,348.00
$4,900.00
$3,570.00
$5,061.00
$4,900.00
$12,750.00
$4,123.00
$1,925.00
$2,800.00
$4,123.00
$5,250.00
$3,255.00
$4,480.00
$3,605.00
$4,060.00
$5,215.00
$4,585.00
$2,170.00
$5,530.00
$5,166.00
$6,328.00
$3,500.00
$4,725.00
$2,870.00
$2,800.00
$2,800.00
Document No. Recording Date/Time Transaction Date/Time
2025-0000173 01/02/2025 11:08 01/02/2025 11:08:00
For Richmond
Transfer Tax Monthly Detail by City
2025-0000187 01/02/2025 11:23 01/02/2025 11:23:00
2025-0000237 01/02/2025 12:32 01/02/2025 12:32:00
2025-0000342 01/02/2025 14:49 01/02/2025 14:49:00
2025-0001035 01/03/2025 11:33 01/03/2025 11:33:00
2025-0001160 01/03/2025 11:48 01/03/2025 11:48:00
2025-0001202 01/03/2025 12:28 01/03/2025 12:28:00
2025-0001488 01/06/2025 09:47 01/06/2025 09:47:00
2025-0001549 01/06/2025 11:24 01/06/2025 11:24:00
2025-0001611 01/06/2025 12:36 01/06/2025 12:36:00
2025-0001655 01/06/2025 14:10 01/06/2025 14:10:00
2025-0001813 01/07/2025 08:22 01/07/2025 08:22:00
2025-0002057 01/07/2025 12:47 01/07/2025 12:47:00
2025-0002390 01/08/2025 11:48 01/08/2025 11:48:00
2025-0002431 01/08/2025 13:35 01/08/2025 13:35:00
2025-0002646 01/09/2025 09:05 01/09/2025 09:05:00
2025-0002729 01/09/2025 11:40 01/09/2025 11:40:00
2025-0003069 01/10/2025 09:16 01/10/2025 09:16:00
2025-0003299 01/10/2025 12:21 01/10/2025 12:21:00
2025-0003323 01/10/2025 13:28 01/10/2025 13:28:00
2025-0003395 01/10/2025 15:49 01/10/2025 15:49:00
2025-0003512 01/13/2025 09:37 01/13/2025 09:37:00
2025-0003646 01/13/2025 12:34 01/13/2025 12:34:00
2025-0003821 01/14/2025 08:49 01/14/2025 08:49:00
2025-0003982 01/14/2025 11:01 01/14/2025 11:01:00
2025-0003995 01/14/2025 11:16 01/14/2025 11:16:00
2025-0004020 01/14/2025 11:50 01/14/2025 11:50:00
2025-0004034 01/14/2025 12:10 01/14/2025 12:10:00
2025-0004270 01/15/2025 08:51 01/15/2025 08:51:00
2025-0004507 01/15/2025 12:20 01/15/2025 12:20:00
2025-0004575 01/15/2025 13:26 01/15/2025 13:26:00
2025-0004594 01/15/2025 13:38 01/15/2025 13:38:00
2025-0004676 01/15/2025 15:56 01/15/2025 15:56:00
2025-0004826 01/16/2025 10:26 01/16/2025 10:26:00
2025-0005357 01/17/2025 12:57 01/17/2025 12:57:51
2025-0005739 01/21/2025 10:36 01/21/2025 10:36:00
2025-0005783 01/21/2025 11:27 01/21/2025 11:27:00
2025-0005816 01/21/2025 12:29 01/21/2025 12:29:00
2025-0005901 01/21/2025 14:06 01/21/2025 14:06:00
2025-0006362 01/22/2025 12:41 01/22/2025 12:41:00
2025-0006453 01/22/2025 15:24 01/22/2025 15:24:00
2025-0006480 01/23/2025 08:12 01/23/2025 08:12:00
2025-0006512 01/23/2025 08:55 01/23/2025 08:55:00
KRISTIN B. CONNELLY, CLERK-RECORDER
City: Rm Richmond
For Month: January 2025
Attachment 4 - Documentary Transfer Tax for January 2025
Action City SplitDocument No. Recording Date/Time Transaction Date/Time $3,220.00
$4,200.00
$5,915.00
$3,402.00
$4,025.00
$4,655.00
$3,885.00
$13,200.00
$6,559.00
$3,500.00
$5,880.00
$12,850.00
$4,620.00
$273,946.00
Total $ of Cap docs 224,400.00$ $273,946.00
Total Count of Cap docs 38 56
2025-0007453 01/24/2025 12:56 01/24/2025 12:56:00
2025-0006790 01/23/2025 13:45 01/23/2025 13:45:52
Count:
2025-0009641 01/31/2025 14:53 01/31/2025 14:53:00
Total For Richmond
Total:
2025-0008566 01/29/2025 10:15 01/29/2025 10:15:00
2025-0009112 01/30/2025 12:58 01/30/2025 12:58:00
2025-0009241 01/31/2025 07:46 01/31/2025 07:46:00
2025-0007968 01/28/2025 07:41 01/28/2025 07:41:00
2025-0008269 01/28/2025 14:40 01/28/2025 14:40:00
2025-0007532 01/24/2025 14:44 01/24/2025 14:44:00
2025-0007771 01/27/2025 11:01 01/27/2025 11:01:00
2025-0007925 01/27/2025 14:19 01/27/2025 14:19:00
2025-0007040 01/23/2025 15:31 01/23/2025 15:31:00
2025-0007339 01/24/2025 10:52 01/24/2025 10:52:00
Attachment 4 - Documentary Transfer Tax for January 2025