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 June 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
07/03/2025 18:42
For Month: June 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
For Richmond
2025-0054746 06/02/2025 08:13 06/02/2025 08:13:00 $2,975.00 $467.50 $3,442.50 Main Office 2025-0054862 06/02/2025 10:16 06/02/2025 10:16:00 $12,812.50 $1,127.50 $13,940.00 Main Office 2025-0054915 06/02/2025 11:13 06/02/2025 11:13:00 $966.00 $151.25 $1,117.25 Main Office 2025-0054942 06/02/2025 11:20 06/02/2025 11:20:00 $3,290.00 $517.00 $3,807.00 Main Office 2025-0055061 06/02/2025 12:59 06/02/2025 12:59:00 $4,970.00 $781.00 $5,751.00 Main Office 2025-0055148 06/02/2025 14:24 06/02/2025 14:24:00 $3,115.00 $489.50 $3,604.50 Main Office 2025-0055175 06/02/2025 14:55 06/02/2025 14:55:00 $2,100.00 $330.00 $2,430.00 Main Office 2025-0055332 06/03/2025 08:59 06/03/2025 08:59:00 $14,375.00 $1,265.00 $15,640.00 Main Office 2025-0055406 06/03/2025 09:43 06/03/2025 09:43:00 $4,116.00 $646.80 $4,762.80 Main Office 2025-0055422 06/03/2025 10:03 06/03/2025 10:03:00 $32,337.50 $2,845.70 $35,183.20 Main Office 2025-0055591 06/03/2025 12:40 06/03/2025 12:40:00 $5,950.00 $935.00 $6,885.00 Main Office 2025-0055622 06/03/2025 13:29 06/03/2025 13:29:00 $6,860.00 $1,078.00 $7,938.00 Main Office 2025-0055866 06/04/2025 08:51 06/04/2025 08:51:00 $5,950.00 $935.00 $6,885.00 Main Office 2025-0056022 06/04/2025 09:40 06/04/2025 09:40:00 $16,062.50 $1,413.50 $17,476.00 Main Office 2025-0056189 06/04/2025 11:29 06/04/2025 11:29:00 $3,535.00 $555.50 $4,090.50 Main Office 2025-0056201 06/04/2025 11:37 06/04/2025 11:37:31 $2,275.00 $462.00 $2,737.00 Main Office 2025-0056208 06/04/2025 12:02 06/04/2025 12:02:00 $12,875.00 $1,133.00 $14,008.00 Main Office 2025-0056259 06/04/2025 13:35 06/04/2025 13:35:00 $3,955.00 $621.50 $4,576.50 Main Office 2025-0056840 06/05/2025 13:35 06/05/2025 13:35:00 $6,475.00 $1,017.50 $7,492.50 Main Office 2025-0056990 06/06/2025 08:23 06/06/2025 08:23:00 $15,312.50 $1,347.50 $16,660.00 Main Office 2025-0057059 06/06/2025 09:16 06/06/2025 09:16:00 $5,635.00 $885.50 $6,520.50 Main Office 2025-0057293 06/06/2025 12:41 06/06/2025 12:41:00 $13,750.00 $1,210.00 $14,960.00 Main Office 2025-0057527 06/09/2025 07:49 06/09/2025 07:49:00 $4,340.00 $682.00 $5,022.00 Main Office 2025-0057661 06/09/2025 10:12 06/09/2025 10:12:00 $6,993.00 $1,098.35 $8,091.35 Main Office Attachment 4 - Documentary Transfer Tax for June 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
07/03/2025 18:42
For Month: June 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
2025-0057711 06/09/2025 11:37 06/09/2025 11:37:00 $5,250.00 $825.00 $6,075.00 Main Office 2025-0057764 06/09/2025 12:28 06/09/2025 12:28:00 $3,556.00 $558.80 $4,114.80 Main Office 2025-0057898 06/09/2025 15:05 06/09/2025 15:05:00 $5,950.00 $935.00 $6,885.00 Main Office 2025-0057907 06/09/2025 15:12 06/09/2025 15:12:00 $3,850.00 $605.00 $4,455.00 Main Office 2025-0058360 06/10/2025 13:49 06/10/2025 13:49:00 $20,250.00 $1,782.00 $22,032.00 Main Office 2025-0058388 06/10/2025 14:49 06/10/2025 14:49:00 $3,920.00 $616.00 $4,536.00 Main Office 2025-0058399 06/10/2025 14:57 06/10/2025 14:57:00 $2,387.00 $375.10 $2,762.10 Main Office 2025-0058541 06/11/2025 08:13 06/11/2025 08:13:00 $5,817.00 $914.10 $6,731.10 Main Office 2025-0058839 06/11/2025 12:46 06/11/2025 12:46:00 $16,625.00 $1,463.00 $18,088.00 Main Office 2025-0059048 06/12/2025 08:39 06/12/2025 08:39:00 $6,650.00 $1,045.00 $7,695.00 Main Office 2025-0059275 06/12/2025 12:12 06/12/2025 12:12:00 $4,410.00 $693.00 $5,103.00 Main Office 2025-0059331 06/12/2025 13:58 06/12/2025 13:58:00 $5,950.00 $935.00 $6,885.00 Main Office 2025-0059457 06/13/2025 08:32 06/13/2025 08:32:00 $2,835.00 $445.50 $3,280.50 Main Office 2025-0059637 06/13/2025 10:08 06/13/2025 10:08:00 $5,348.00 $840.40 $6,188.40 Main Office 2025-0059853 06/13/2025 13:02 06/13/2025 13:02:00 $3,255.00 $511.50 $3,766.50 Main Office 2025-0059909 06/13/2025 14:02 06/13/2025 14:02:00 $4,375.00 $687.50 $5,062.50 Main Office 2025-0060013 06/13/2025 15:52 06/13/2025 15:52:00 $4,529.00 $711.70 $5,240.70 Main Office 2025-0060059 06/16/2025 08:05 06/16/2025 08:05:00 $973.00 $152.90 $1,125.90 Main Office 2025-0060219 06/16/2025 09:15 06/16/2025 09:15:00 $20,437.50 $1,798.50 $22,236.00 Main Office 2025-0060299 06/16/2025 10:38 06/16/2025 10:38:00 $2,807.00 $441.10 $3,248.10 Main Office 2025-0060340 06/16/2025 11:21 06/16/2025 11:21:00 $3,808.00 $598.40 $4,406.40 Main Office 2025-0060429 06/16/2025 13:20 06/16/2025 13:20:00 $4,340.00 $682.00 $5,022.00 Main Office 2025-0060468 06/16/2025 13:39 06/16/2025 13:39:00 $4,375.00 $687.50 $5,062.50 Main Office 2025-0060499 06/16/2025 14:27 06/16/2025 14:27:00 $3,507.00 $550.55 $4,057.55 Main Office 2025-0060602 06/17/2025 07:56 06/17/2025 07:56:00 $1,386.00 $217.80 $1,603.80 Main Office 2025-0060806 06/17/2025 09:04 06/17/2025 09:04:00 $4,340.00 $682.00 $5,022.00 Main Office Attachment 4 - Documentary Transfer Tax for June 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
07/03/2025 18:42
For Month: June 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
2025-0060825 06/17/2025 09:21 06/17/2025 09:21:00 $5,880.00 $924.00 $6,804.00 Main Office 2025-0060984 06/17/2025 12:13 06/17/2025 12:13:00 $2,660.00 $418.00 $3,078.00 Main Office 2025-0061055 06/17/2025 14:02 06/17/2025 14:02:00 $3,150.00 $495.00 $3,645.00 Main Office 2025-0061061 06/17/2025 14:06 06/17/2025 14:06:00 $5,460.00 $858.00 $6,318.00 Main Office 2025-0061562 06/18/2025 11:51 06/18/2025 11:51:00 $3,395.00 $533.50 $3,928.50 Main Office 2025-0062090 06/20/2025 10:53 06/20/2025 10:53:00 $4,900.00 $770.00 $5,670.00 Main Office 2025-0062117 06/20/2025 11:11 06/20/2025 11:11:00 $5,915.00 $929.50 $6,844.50 Main Office 2025-0062144 06/20/2025 11:38 06/20/2025 11:38:00 $5,950.00 $935.00 $6,885.00 Main Office 2025-0062297 06/20/2025 14:12 06/20/2025 14:12:00 $4,550.00 $715.00 $5,265.00 Main Office 2025-0062386 06/20/2025 16:09 06/20/2025 16:09:00 $3,745.00 $588.50 $4,333.50 Main Office 2025-0062405 06/20/2025 16:22 06/20/2025 16:22:00 $2,660.00 $418.00 $3,078.00 Main Office 2025-0062576 06/23/2025 10:25 06/23/2025 10:25:00 $4,893.00 $768.90 $5,661.90 Main Office 2025-0062645 06/23/2025 11:45 06/23/2025 11:45:00 $5,600.00 $880.00 $6,480.00 Main Office 2025-0062914 06/24/2025 09:02 06/24/2025 09:02:00 $4,543.00 $713.90 $5,256.90 Main Office 2025-0063031 06/24/2025 09:43 06/24/2025 09:43:00 $5,250.00 $825.00 $6,075.00 Main Office 2025-0063122 06/24/2025 10:23 06/24/2025 10:23:00 $4,795.00 $753.50 $5,548.50 Main Office 2025-0063321 06/24/2025 13:32 06/24/2025 13:32:00 $3,465.00 $544.50 $4,009.50 Main Office 2025-0063356 06/24/2025 14:29 06/24/2025 14:29:00 $4,200.00 $660.00 $4,860.00 Main Office 2025-0063709 06/25/2025 09:27 06/25/2025 09:27:00 $14,375.00 $1,265.00 $15,640.00 Main Office 2025-0063713 06/25/2025 09:28 06/25/2025 09:28:00 $3,920.00 $616.00 $4,536.00 Main Office 2025-0063877 06/25/2025 13:32 06/25/2025 13:32:00 $6,160.00 $968.00 $7,128.00 Main Office 2025-0063985 06/25/2025 14:52 06/25/2025 14:52:00 $2,730.00 $429.00 $3,159.00 Main Office 2025-0064187 06/26/2025 10:54 06/26/2025 10:54:00 $5,264.00 $827.20 $6,091.20 Main Office 2025-0064274 06/26/2025 13:08 06/26/2025 13:08:00 $5,600.00 $880.00 $6,480.00 Main Office 2025-0064899 06/27/2025 09:30 06/27/2025 09:30:00 $2,730.00 $428.45 $3,158.45 Main Office 2025-0064902 06/27/2025 09:30 06/27/2025 09:30:00 $5,950.00 $935.00 $6,885.00 Main Office Attachment 4 - Documentary Transfer Tax for June 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
07/03/2025 18:42
For Month: June 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
2025-0064930 06/27/2025 09:53 06/27/2025 09:53:00 $5,432.00 $853.60 $6,285.60 Main Office 2025-0064951 06/27/2025 10:04 06/27/2025 10:04:00 $5,369.00 $843.70 $6,212.70 Main Office 2025-0064964 06/27/2025 10:30 06/27/2025 10:30:00 $2,226.00 $349.80 $2,575.80 Main Office 2025-0064996 06/27/2025 11:24 06/27/2025 11:24:00 $13,000.00 $1,144.00 $14,144.00 Main Office 2025-0065004 06/27/2025 11:28 06/27/2025 11:28:00 $4,249.00 $667.70 $4,916.70 Main Office 2025-0065112 06/27/2025 13:19 06/27/2025 13:19:00 $4,305.00 $676.50 $4,981.50 Main Office 2025-0065136 06/27/2025 13:43 06/27/2025 13:43:00 $5,180.00 $814.00 $5,994.00 Main Office 2025-0065585 06/30/2025 13:44 06/30/2025 13:44:00 $3,395.00 $533.50 $3,928.50 Main Office 2025-0065691 06/30/2025 15:50 06/30/2025 15:50:00 $25,737.50 $2,264.35 $28,001.85 Main Office Total For Richmond $538,589.00 $68,976.05 $607,565.05
Attachment 4 - Documentary Transfer Tax for June 2025