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 March 2025
Report Date & Time
04/03/2025 16:11
Action City Split
$15,000.00
$5,600.00
$3,395.00
$13,912.50
$1,379.00
$2,800.00
$6,055.00
$5,166.00
$4,655.00
$4,697.00
$3,619.00
$6,013.00
$2,800.00
$875.00
$6,972.00
$13,750.00
$896.00
$25,000.00
$3,605.00
$16,875.00
$3,850.00
$5,950.00
$4,025.00
$3,360.00
$4,375.00
$4,340.00
$2,275.00
$3,437.00
$4,095.00
$3,486.00
$6,916.00
$3,080.00
$15,000.00
$3,360.00
$5,460.00
$2,443.00
$6,251.00
$6,545.00
$3,941.00
2025-0024655 03/17/2025 14:09 03/17/2025 14:09:00
2025-0024729 03/17/2025 15:41 03/17/2025 15:41:00
2025-0024586 03/17/2025 12:18 03/17/2025 12:18:00
2025-0024622 03/17/2025 13:12 03/17/2025 13:12:00
2025-0024652 03/17/2025 14:06 03/17/2025 14:06:00
2025-0023841 03/14/2025 09:22 03/14/2025 09:22:00
2025-0024044 03/14/2025 13:22 03/14/2025 13:22:00
2025-0024115 03/14/2025 15:15 03/14/2025 15:15:00
2025-0023774 03/14/2025 08:40 03/14/2025 08:40:00
2025-0023788 03/14/2025 08:49 03/14/2025 08:49:00
2025-0023825 03/14/2025 09:11 03/14/2025 09:11:00
2025-0023084 03/12/2025 12:11 03/12/2025 12:11:00
2025-0023260 03/12/2025 15:15 03/12/2025 15:15:00
2025-0023359 03/13/2025 09:05 03/13/2025 09:05:00
2025-0022641 03/11/2025 14:49 03/11/2025 14:49:00
2025-0022697 03/11/2025 15:43 03/11/2025 15:43:00
2025-0023029 03/12/2025 11:09 03/12/2025 11:09:00
2025-0022284 03/11/2025 09:17 03/11/2025 09:17:00
2025-0022423 03/11/2025 11:34 03/11/2025 11:34:00
2025-0022621 03/11/2025 14:38 03/11/2025 14:38:00
2025-0021879 03/10/2025 09:46 03/10/2025 09:46:00
2025-0021990 03/10/2025 12:03 03/10/2025 12:03:00
2025-0022101 03/10/2025 14:37 03/10/2025 14:37:00
2025-0021206 03/07/2025 08:18 03/07/2025 08:18:00
2025-0021423 03/07/2025 10:10 03/07/2025 10:10:00
2025-0021554 03/07/2025 12:11 03/07/2025 12:11:00
2025-0020570 03/05/2025 13:27 03/05/2025 13:27:00
2025-0020906 03/06/2025 10:17 03/06/2025 10:17:00
2025-0021097 03/06/2025 14:18 03/06/2025 14:18:00
2025-0020445 03/05/2025 11:19 03/05/2025 11:19:00
2025-0020448 03/05/2025 11:21 03/05/2025 11:21:00
2025-0020486 03/05/2025 12:12 03/05/2025 12:12:00
2025-0019617 03/03/2025 14:36 03/03/2025 14:36:00
2025-0019644 03/03/2025 15:27 03/03/2025 15:27:00
2025-0019863 03/04/2025 10:19 03/04/2025 10:19:00
2025-0019498 03/03/2025 11:59 03/03/2025 11:59:00
2025-0019604 03/03/2025 14:03 03/03/2025 14:03:00
2025-0019612 03/03/2025 14:34 03/03/2025 14:34:00
Document No. Recording Date/Time Transaction Date/Time
2025-0019377 03/03/2025 09:46 03/03/2025 09:46:00
KRISTIN B. CONNELLY, CLERK-RECORDER
County of Contra Costa
555 Escobar Street * Martinez, CA 94553
Recorder (925) 335-7900 * Fax (925) 335-7926
Transfer Tax Monthly Detail by City
City: Rm Richmond
For Month: March 2025
For Richmond
Attachment 4 - Documentary Transfer Tax for March 2025
$4,970.00
$350.00
$6,559.00
$2,107.00
$5,831.00
$3,920.00
$12,662.50
$4,270.00
$4,200.00
$3,150.00
$1,925.00
$3,815.00
$2,632.00
$6,160.00
$1,568.00
$3,052.00
$2,632.00
$3,640.00
$4,550.00
$4,550.00
$3,682.00
$5,453.00
$5,292.00
$5,215.00
$6,741.00
$5,530.00
$5,460.00
$3,570.00
$4,879.00
$3,150.00
$3,038.00
$5,145.00
$13,737.50
$1,820.00
$5,460.00
$6,090.00
$4,130.00
$80,000.00
Total $ of Cap docs $486,189.50
Total Count of Cap
docs
$486,189.50
Count: 77
2025-0029973 03/31/2025 16:22 03/31/2025 16:22:00
Total:
$423,609.50
52 2025-0029644 03/31/2025 10:53 03/31/2025 10:53:00
2025-0029847 03/31/2025 14:27 03/31/2025 14:27:00
2025-0029883 03/31/2025 15:34 03/31/2025 15:34:00
2025-0029220 03/28/2025 14:10 03/28/2025 14:10:00
2025-0029549 03/31/2025 09:31 03/31/2025 09:31:00
2025-0029582 03/31/2025 09:43 03/31/2025 09:43:00
2025-0028594 03/27/2025 11:41 03/27/2025 11:41:00
2025-0028858 03/28/2025 09:35 03/28/2025 09:35:00
2025-0029058 03/28/2025 11:12 03/28/2025 11:12:00
2025-0028199 03/26/2025 14:10 03/26/2025 14:10:00
2025-0028313 03/27/2025 07:55 03/27/2025 07:55:00
2025-0028543 03/27/2025 11:02 03/27/2025 11:02:00
2025-0027864 03/26/2025 08:51 03/26/2025 08:51:00
2025-0027926 03/26/2025 09:59 03/26/2025 09:59:00
2025-0027930 03/26/2025 10:00 03/26/2025 10:00:00
2025-0027365 03/25/2025 10:32 03/25/2025 10:32:00
2025-0027488 03/25/2025 12:11 03/25/2025 12:11:00
2025-0027502 03/25/2025 12:38 03/25/2025 12:38:00
2025-0026669 03/21/2025 15:33 03/21/2025 15:33:00
2025-0027121 03/24/2025 14:45 03/24/2025 14:45:00
2025-0027283 03/25/2025 08:56 03/25/2025 08:56:00
2025-0026326 03/21/2025 08:10 03/21/2025 08:10:00
2025-0026422 03/21/2025 09:25 03/21/2025 09:25:15
2025-0026539 03/21/2025 12:57 03/21/2025 12:57:00
2025-0026129 03/20/2025 11:33 03/20/2025 11:33:00
2025-0026204 03/20/2025 13:32 03/20/2025 13:32:00
2025-0026275 03/20/2025 15:27 03/20/2025 15:27:51
2025-0026032 03/20/2025 09:28 03/20/2025 09:28:00
2025-0026065 03/20/2025 10:18 03/20/2025 10:18:00
2025-0026080 03/20/2025 10:35 03/20/2025 10:35:00
2025-0025785 03/19/2025 15:35 03/19/2025 15:35:00
2025-0025826 03/20/2025 07:55 03/20/2025 07:55:00
2025-0025940 03/20/2025 08:44 03/20/2025 08:44:00
2025-0025029 03/18/2025 10:43 03/18/2025 10:43:00
2025-0025087 03/18/2025 11:30 03/18/2025 11:30:00
2025-0025124 03/18/2025 11:55 03/18/2025 11:55:00
2025-0024742 03/17/2025 16:01 03/17/2025 16:01:00
Attachment 4 - Documentary Transfer Tax for March 2025