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 February 2025
Action City Split
$3,080.00
$3,780.00
$5,159.00
$18,750.00
$4,900.00
$5,166.00
$3,675.00
$3,948.00
$2,205.00
$3,374.00
$6,650.00
$20,312.50
$6,160.00
$105.00
$56.00
$4,725.00
$350.00
$16,675.00
$3,675.00
$6,440.00
$5,600.00
$3,675.00
$4,025.00
$12,562.50
$3,990.00
$6,090.00
$4,900.00
$4,270.00
$2,933.00
$4,984.00
$5,600.00
$16,475.00
$17,512.50
$3,850.00
$6,874.00
$5,635.00
$13,450.00
$3,220.00
$2,625.00
$3,066.00
$4,956.00
$4,487.00
$5,775.00
$12,500.00
$5,845.00
$4,025.00
$2,968.00
$6,797.00
$12,500.00
Document No. Recording Date/Time Transaction Date/Time
2025-0009953 02/03/2025 11:12 02/03/2025 11:12:00
KRISTIN B. CONNELLY, CLERK-RECORDER
County of Contra Costa
555 Escobar Street * Martinez, CA 94553
Recorder (925) 335-7900 * Fax (925) 335-7926
Report Date & Time
03/07/2025 12:42
Transfer Tax Monthly Detail: RICHMOND
For Month: February 2025
2025-0010021 02/03/2025 12:25 02/03/2025 12:25:00
2025-0010100 02/03/2025 14:45 02/03/2025 14:45:00
2025-0010571 02/04/2025 11:53 02/04/2025 11:53:00
2025-0010596 02/04/2025 12:19 02/04/2025 12:19:00
2025-0010699 02/04/2025 14:05 02/04/2025 14:05:00
2025-0010756 02/04/2025 15:23 02/04/2025 15:23:00
2025-0010761 02/04/2025 15:29 02/04/2025 15:29:00
2025-0011080 02/05/2025 10:47 02/05/2025 10:47:00
2025-0011160 02/05/2025 12:30 02/05/2025 12:30:00
2025-0011399 02/06/2025 10:04 02/06/2025 10:04:00
2025-0011463 02/06/2025 11:10 02/06/2025 11:10:00
2025-0011615 02/06/2025 13:25 02/06/2025 13:25:00
2025-0011649 02/06/2025 15:14 02/06/2025 15:14:00
2025-0011650 02/06/2025 15:14 02/06/2025 15:14:00
2025-0011652 02/06/2025 15:14 02/06/2025 15:14:00
2025-0011713 02/07/2025 08:51 02/07/2025 08:51:00
2025-0011905 02/07/2025 12:43 02/07/2025 12:43:00
2025-0012030 02/07/2025 14:39 02/07/2025 14:39:00
2025-0012153 02/10/2025 08:16 02/10/2025 08:16:00
2025-0012626 02/11/2025 08:19 02/11/2025 08:19:00
2025-0012735 02/11/2025 09:37 02/11/2025 09:37:00
2025-0012739 02/11/2025 09:45 02/11/2025 09:45:00
2025-0012791 02/11/2025 10:13 02/11/2025 10:13:00
2025-0013282 02/12/2025 10:11 02/12/2025 10:11:00
2025-0013761 02/13/2025 10:28 02/13/2025 10:28:00
2025-0013963 02/13/2025 15:30 02/13/2025 15:30:00
2025-0014162 02/14/2025 11:26 02/14/2025 11:26:00
2025-0014174 02/14/2025 11:36 02/14/2025 11:36:00
2025-0014188 02/14/2025 11:46 02/14/2025 11:46:00
2025-0014295 02/14/2025 13:24 02/14/2025 13:24:00
2025-0014422 02/18/2025 07:58 02/18/2025 07:58:00
2025-0014428 02/18/2025 08:02 02/18/2025 08:02:00
2025-0014699 02/18/2025 10:40 02/18/2025 10:40:00
2025-0014710 02/18/2025 11:09 02/18/2025 11:09:00
2025-0014813 02/18/2025 12:38 02/18/2025 12:38:00
2025-0014827 02/18/2025 12:45 02/18/2025 12:45:00
2025-0014883 02/18/2025 14:39 02/18/2025 14:39:00
2025-0015331 02/19/2025 14:30 02/19/2025 14:30:00
2025-0015738 02/20/2025 11:06 02/20/2025 11:06:00
2025-0016045 02/21/2025 08:24 02/21/2025 08:24:00
2025-0016068 02/21/2025 08:58 02/21/2025 08:58:00
2025-0016541 02/24/2025 09:56 02/24/2025 09:56:00
2025-0016649 02/24/2025 11:16 02/24/2025 11:16:00
2025-0016661 02/24/2025 11:22 02/24/2025 11:22:45
2025-0016722 02/24/2025 13:00 02/24/2025 13:00:00
2025-0017031 02/25/2025 09:13 02/25/2025 09:13:00
2025-0017103 02/25/2025 10:22 02/25/2025 10:22:00
2025-0017133 02/25/2025 11:20 02/25/2025 11:20:00
Attachment 4 - Documentary Transfer Tax for February 2025
Action City SplitDocument No. Recording Date/Time Transaction Date/Time $13,575.00
$5,600.00
$3,500.00
$4,830.00
$15,500.00
$3,360.00
$3,990.00
$3,220.00
$5,495.00
$5,635.00
$1,820.00
$4,340.00
$4,550.00
$5,320.00
$3,045.00
$5,250.00
$12,937.50
$412,343.00
Total $ of Cap Docs $412,343.00
Total Count of Cap Docs 66
2025-0017423 02/25/2025 15:14 02/25/2025 15:14:00
2025-0017770 02/26/2025 11:47 02/26/2025 11:47:00
2025-0018002 02/26/2025 15:13 02/26/2025 15:13:00
2025-0018162 02/27/2025 11:20 02/27/2025 11:20:00
2025-0018282 02/27/2025 13:35 02/27/2025 13:35:00
2025-0018291 02/27/2025 13:41 02/27/2025 13:41:00
2025-0018299 02/27/2025 13:46 02/27/2025 13:46:00
2025-0018377 02/27/2025 14:26 02/27/2025 14:26:00
2025-0018466 02/27/2025 16:30 02/27/2025 16:30:00
2025-0018685 02/28/2025 10:34 02/28/2025 10:34:00
2025-0018958 02/28/2025 13:22 02/28/2025 13:22:00
2025-0018998 02/28/2025 13:57 02/28/2025 13:57:00
2025-0019006 02/28/2025 14:08 02/28/2025 14:08:00
2025-0019045 02/28/2025 14:52 02/28/2025 14:52:00
2025-0019070 02/28/2025 15:21 02/28/2025 15:21:00
Total:
Count:
$373,416.00
50 2025-0019117 02/28/2025 16:14 02/28/2025 16:14:00
2025-0019131 02/28/2025 16:28 02/28/2025 16:28:00
Total For Richmond
Attachment 4 - Documentary Transfer Tax for February 2025