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.
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
Report Date & Time
05/05/2025 13:16
For Month: April 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
For Richmond
2025-0030155 04/01/2025 09:27 04/01/2025 09:27:03 $294.00 $46.20 $340.20 Main Office 2025-0030156 04/01/2025 09:27 04/01/2025 09:27:03 $252.00 $39.60 $291.60 Main Office 2025-0030478 04/01/2025 11:48 04/01/2025 11:48:00 $3,255.00 $510.95 $3,765.95 Main Office 2025-0030495 04/01/2025 11:59 04/01/2025 11:59:00 $3,920.00 $616.00 $4,536.00 Main Office 2025-0030549 04/01/2025 13:35 04/01/2025 13:35:00 $1,225.00 $192.50 $1,417.50 Main Office 2025-0030579 04/01/2025 13:54 04/01/2025 13:54:00 $14,062.50 $1,237.50 $15,300.00 Main Office 2025-0030677 04/01/2025 15:14 04/01/2025 15:14:00 $5,264.00 $827.20 $6,091.20 Main Office 2025-0030703 04/01/2025 15:54 04/01/2025 15:54:00 $5,663.00 $889.35 $6,552.35 Main Office 2025-0031080 04/02/2025 11:18 04/02/2025 11:18:00 $4,200.00 $660.00 $4,860.00 Main Office 2025-0031101 04/02/2025 11:30 04/02/2025 11:30:00 $2,100.00 $330.00 $2,430.00 Main Office 2025-0031115 04/02/2025 11:47 04/02/2025 11:47:00 $3,570.00 $561.00 $4,131.00 Main Office 2025-0031223 04/02/2025 15:31 04/02/2025 15:31:00 $3,920.00 $616.00 $4,536.00 Main Office 2025-0031732 04/03/2025 13:18 04/03/2025 13:18:00 $2,975.00 $467.50 $3,442.50 Main Office 2025-0031774 04/03/2025 14:04 04/03/2025 14:04:00 $3,255.00 $511.50 $3,766.50 Main Office 2025-0031898 04/04/2025 08:24 04/04/2025 08:24:00 $6,720.00 $1,056.00 $7,776.00 Main Office 2025-0032307 04/07/2025 08:10 04/07/2025 08:10:00 $2,366.00 $371.80 $2,737.80 Main Office 2025-0032519 04/07/2025 11:11 04/07/2025 11:11:00 $2,835.00 $445.50 $3,280.50 Main Office 2025-0032998 04/08/2025 10:41 04/08/2025 10:41:00 $5,586.00 $877.80 $6,463.80 Main Office 2025-0033052 04/08/2025 11:52 04/08/2025 11:52:00 $4,018.00 $631.40 $4,649.40 Main Office 2025-0033299 04/09/2025 08:05 04/09/2025 08:05:00 $875.00 $137.50 $1,012.50 Main Office 2025-0033445 04/09/2025 09:53 04/09/2025 09:53:00 $3,920.00 $616.00 $4,536.00 Main Office 2025-0033759 04/09/2025 14:23 04/09/2025 14:23:00 $3,269.00 $513.70 $3,782.70 Main Office 2025-0033818 04/09/2025 15:17 04/09/2025 15:17:00 $3,780.00 $594.00 $4,374.00 Main Office 2025-0033876 04/10/2025 08:07 04/10/2025 08:07:00 $4,200.00 $660.00 $4,860.00 Main Office Attachment 4 - Documentary Transfer Tax for April 2025
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
Report Date & Time
05/05/2025 13:16
For Month: April 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
2025-0033935 04/10/2025 08:41 04/10/2025 08:41:00 $1,400.00 $220.00 $1,620.00 Main Office 2025-0033990 04/10/2025 09:18 04/10/2025 09:18:00 $3,605.00 $566.50 $4,171.50 Main Office 2025-0034120 04/10/2025 11:01 04/10/2025 11:01:00 $2,121.00 $333.30 $2,454.30 Main Office 2025-0034146 04/10/2025 11:18 04/10/2025 11:18:00 $5,950.00 $935.00 $6,885.00 Main Office 2025-0034499 04/11/2025 08:13 04/11/2025 08:13:00 $13,125.00 $1,155.00 $14,280.00 Main Office 2025-0034502 04/11/2025 08:14 04/11/2025 08:14:00 $4,200.00 $660.00 $4,860.00 Main Office 2025-0034893 04/11/2025 14:57 04/11/2025 14:57:00 $3,605.00 $566.50 $4,171.50 Main Office 2025-0034914 04/11/2025 15:25 04/11/2025 15:25:00 $4,200.00 $660.00 $4,860.00 Main Office 2025-0034964 04/14/2025 08:02 04/14/2025 08:02:00 $2,919.00 $458.70 $3,377.70 Main Office 2025-0034977 04/14/2025 08:23 04/14/2025 08:23:00 $6,923.00 $1,087.90 $8,010.90 Main Office 2025-0035416 04/14/2025 15:27 04/14/2025 15:27:00 $3,325.00 $522.50 $3,847.50 Main Office 2025-0035723 04/15/2025 11:45 04/15/2025 11:45:00 $5,950.00 $935.00 $6,885.00 Main Office 2025-0035786 04/15/2025 13:22 04/15/2025 13:22:00 $2,520.00 $396.00 $2,916.00 Main Office 2025-0035934 04/15/2025 15:54 04/15/2025 15:54:13 $1,337.00 $220.00 $1,557.00 Main Office 2025-0035974 04/16/2025 08:21 04/16/2025 08:21:00 $2,345.00 $368.50 $2,713.50 Main Office 2025-0036245 04/16/2025 10:24 04/16/2025 10:24:00 $4,375.00 $687.50 $5,062.50 Main Office 2025-0036302 04/16/2025 11:31 04/16/2025 11:31:00 $3,185.00 $500.50 $3,685.50 Main Office 2025-0036534 04/16/2025 14:23 04/16/2025 14:23:00 $3,556.00 $558.80 $4,114.80 Main Office 2025-0036557 04/16/2025 15:05 04/16/2025 15:05:00 $4,865.00 $764.50 $5,629.50 Main Office 2025-0036896 04/17/2025 11:54 04/17/2025 11:54:00 $4,235.00 $665.50 $4,900.50 Main Office 2025-0037156 04/17/2025 16:59 04/17/2025 16:59:00 $4,410.00 $693.00 $5,103.00 Main Office 2025-0037275 04/18/2025 09:48 04/18/2025 09:48:00 $3,815.00 $599.50 $4,414.50 Main Office 2025-0037455 04/18/2025 13:20 04/18/2025 13:20:00 $1,995.00 $313.50 $2,308.50 Main Office 2025-0037460 04/18/2025 13:21 04/18/2025 13:21:00 $1,470.00 $231.00 $1,701.00 Main Office 2025-0037504 04/18/2025 14:26 04/18/2025 14:26:00 $2,905.00 $456.50 $3,361.50 Main Office 2025-0037508 04/18/2025 14:29 04/18/2025 14:29:00 $4,830.00 $759.00 $5,589.00 Main Office Attachment 4 - Documentary Transfer Tax for April 2025
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
Report Date & Time
05/05/2025 13:16
For Month: April 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
2025-0037790 04/21/2025 09:51 04/21/2025 09:51:00 $2,310.00 $363.00 $2,673.00 Main Office 2025-0037853 04/21/2025 11:14 04/21/2025 11:14:00 $5,425.00 $852.50 $6,277.50 Main Office 2025-0037862 04/21/2025 11:28 04/21/2025 11:28:00 $2,380.00 $374.00 $2,754.00 Main Office 2025-0037947 04/21/2025 13:59 04/21/2025 13:59:27 $105.00 $16.50 $121.50 Main Office 2025-0038059 04/21/2025 15:18 04/21/2025 15:18:00 $4,970.00 $780.45 $5,750.45 Main Office 2025-0038567 04/23/2025 08:24 04/23/2025 08:24:00 $4,991.00 $784.30 $5,775.30 Main Office 2025-0038579 04/23/2025 08:28 04/23/2025 08:28:00 $5,908.00 $928.40 $6,836.40 Main Office 2025-0038589 04/23/2025 08:40 04/23/2025 08:40:00 $1,890.00 $297.00 $2,187.00 Main Office 2025-0038609 04/23/2025 08:53 04/23/2025 08:53:00 $2,450.00 $385.00 $2,835.00 Main Office 2025-0038765 04/23/2025 10:23 04/23/2025 10:23:00 $2,380.00 $374.00 $2,754.00 Main Office 2025-0038814 04/23/2025 11:20 04/23/2025 11:20:00 $3,675.00 $577.50 $4,252.50 Main Office 2025-0038846 04/23/2025 11:58 04/23/2025 11:58:00 $4,270.00 $671.00 $4,941.00 Main Office 2025-0038853 04/23/2025 12:02 04/23/2025 12:02:00 $5,873.00 $922.35 $6,795.35 Main Office 2025-0038874 04/23/2025 12:25 04/23/2025 12:25:00 $5,411.00 $849.75 $6,260.75 Main Office 2025-0039436 04/24/2025 11:22 04/24/2025 11:22:00 $2,947.00 $463.10 $3,410.10 Main Office 2025-0039468 04/24/2025 11:40 04/24/2025 11:40:00 $2,170.00 $341.00 $2,511.00 Main Office 2025-0039589 04/24/2025 14:46 04/24/2025 14:46:00 $4,060.00 $638.00 $4,698.00 Main Office 2025-0039929 04/25/2025 08:29 04/25/2025 08:29:00 $4,382.00 $688.60 $5,070.60 Main Office 2025-0039942 04/25/2025 08:38 04/25/2025 08:38:00 $20,962.50 $1,844.15 $22,806.65 Main Office 2025-0040788 04/28/2025 12:10 04/28/2025 12:10:00 $6,825.00 $1,072.50 $7,897.50 Main Office 2025-0041217 04/29/2025 09:12 04/29/2025 09:12:00 $2,940.00 $462.00 $3,402.00 Main Office 2025-0041267 04/29/2025 10:13 04/29/2025 10:13:00 $3,192.00 $501.60 $3,693.60 Main Office 2025-0041420 04/29/2025 11:36 04/29/2025 11:36:00 $3,920.00 $616.00 $4,536.00 Main Office 2025-0041485 04/29/2025 12:47 04/29/2025 12:47:00 $13,275.00 $1,167.65 $14,442.65 Main Office 2025-0041656 04/30/2025 07:59 04/30/2025 07:59:00 $3,801.00 $597.30 $4,398.30 Main Office 2025-0042115 04/30/2025 12:53 04/30/2025 12:53:00 $3,990.00 $626.45 $4,616.45 Main Office Attachment 4 - Documentary Transfer Tax for April 2025
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
Report Date & Time
05/05/2025 13:16
For Month: April 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
2025-0042180 04/30/2025 14:14 04/30/2025 14:14:00 $3,850.00 $605.00 $4,455.00 Main Office 2025-0042214 04/30/2025 14:33 04/30/2025 14:33:00 $4,340.00 $682.00 $5,022.00 Main Office 2025-0042219 04/30/2025 14:36 04/30/2025 14:36:00 $6,125.00 $962.50 $7,087.50 Main Office 2025-0042276 04/30/2025 15:56 04/30/2025 15:56:00 $5,600.00 $880.00 $6,480.00 Main Office Total For Richmond $339,108.00 $49,046.80 $388,154.80
Attachment 4 - Documentary Transfer Tax for April 2025