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 May 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
06/05/2025 19:08
For Month: May 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
For Richmond
2025-0042288 05/01/2025 07:47 05/01/2025 07:47:00 $4,473.00 $702.90 $5,175.90 Main Office 2025-0042505 05/01/2025 09:57 05/01/2025 09:57:00 $5,600.00 $880.00 $6,480.00 Main Office 2025-0042558 05/01/2025 11:28 05/01/2025 11:28:00 $2,534.00 $398.20 $2,932.20 Main Office 2025-0042643 05/01/2025 13:01 05/01/2025 13:01:00 $12,775.00 $1,123.65 $13,898.65 Main Office 2025-0042689 05/01/2025 14:27 05/01/2025 14:27:00 $3,892.00 $611.05 $4,503.05 Main Office 2025-0042701 05/01/2025 14:38 05/01/2025 14:38:00 $78,425.00 $3,450.70 $81,875.70 Main Office 2025-0042716 05/01/2025 14:50 05/01/2025 14:50:00 $6,300.00 $990.00 $7,290.00 Main Office 2025-0042943 05/02/2025 09:23 05/02/2025 09:23:00 $3,934.00 $618.20 $4,552.20 Main Office 2025-0043108 05/02/2025 12:28 05/02/2025 12:28:00 $2,765.00 $434.50 $3,199.50 Main Office 2025-0043118 05/02/2025 12:54 05/02/2025 12:54:00 $3,675.00 $577.50 $4,252.50 Main Office 2025-0043129 05/02/2025 13:04 05/02/2025 13:04:00 $3,430.00 $539.00 $3,969.00 Main Office 2025-0043161 05/02/2025 14:04 05/02/2025 14:04:00 $3,395.00 $533.50 $3,928.50 Main Office 2025-0043385 05/05/2025 08:32 05/05/2025 08:32:00 $1,715.00 $269.50 $1,984.50 Main Office 2025-0043681 05/05/2025 12:38 05/05/2025 12:38:00 $4,235.00 $665.50 $4,900.50 Main Office 2025-0043724 05/05/2025 13:33 05/05/2025 13:33:00 $5,845.00 $918.50 $6,763.50 Main Office 2025-0043792 05/05/2025 14:48 05/05/2025 14:48:00 $3,976.00 $624.80 $4,600.80 Main Office 2025-0043944 05/06/2025 08:26 05/06/2025 08:26:00 $3,115.00 $489.50 $3,604.50 Main Office 2025-0044381 05/06/2025 13:43 05/06/2025 13:43:00 $4,361.00 $685.30 $5,046.30 Main Office 2025-0044567 05/06/2025 15:28 05/06/2025 15:28:00 $5,250.00 $825.00 $6,075.00 Main Office 2025-0044623 05/06/2025 16:10 05/06/2025 16:10:00 $3,115.00 $489.50 $3,604.50 Main Office 2025-0044625 05/06/2025 16:13 05/06/2025 16:13:00 $3,150.00 $495.00 $3,645.00 Main Office 2025-0044695 05/07/2025 08:13 05/07/2025 08:13:00 $6,923.00 $1,087.90 $8,010.90 Main Office 2025-0044873 05/07/2025 10:27 05/07/2025 10:27:00 $29,550.00 $2,600.40 $32,150.40 Main Office 2025-0045032 05/07/2025 13:24 05/07/2025 13:24:00 $4,550.00 $715.00 $5,265.00 Main Office Attachment 4 - Documentary Transfer Tax for May 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
06/05/2025 19:08
For Month: May 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
2025-0045093 05/07/2025 14:25 05/07/2025 14:25:00 $23,125.00 $2,035.00 $25,160.00 Main Office 2025-0045248 05/08/2025 09:03 05/08/2025 09:03:00 $6,293.00 $988.90 $7,281.90 Main Office 2025-0045282 05/08/2025 09:19 05/08/2025 09:19:00 $4,375.00 $687.50 $5,062.50 Main Office 2025-0045839 05/09/2025 11:28 05/09/2025 11:28:00 $3,850.00 $605.00 $4,455.00 Main Office 2025-0046040 05/09/2025 15:09 05/09/2025 15:09:00 $14,250.00 $1,254.00 $15,504.00 Main Office 2025-0046179 05/12/2025 09:52 05/12/2025 09:52:00 $5,250.00 $825.00 $6,075.00 Main Office 2025-0046872 05/13/2025 10:12 05/13/2025 10:12:00 $4,340.00 $682.00 $5,022.00 Main Office 2025-0046953 05/13/2025 11:24 05/13/2025 11:24:00 $4,970.00 $781.00 $5,751.00 Main Office 2025-0047124 05/13/2025 14:21 05/13/2025 14:21:00 $4,340.00 $682.00 $5,022.00 Main Office 2025-0047478 05/14/2025 11:53 05/14/2025 11:53:00 $3,507.00 $551.10 $4,058.10 Main Office 2025-0047583 05/14/2025 13:53 05/14/2025 13:53:00 $2,975.00 $467.50 $3,442.50 Main Office 2025-0047596 05/14/2025 14:10 05/14/2025 14:10:00 $4,550.00 $715.00 $5,265.00 Main Office 2025-0048047 05/15/2025 11:34 05/15/2025 11:34:00 $3,045.00 $478.50 $3,523.50 Main Office 2025-0048082 05/15/2025 12:11 05/15/2025 12:11:00 $4,501.00 $706.75 $5,207.75 Main Office 2025-0048084 05/15/2025 12:16 05/15/2025 12:16:00 $2,520.00 $396.00 $2,916.00 Main Office 2025-0048366 05/15/2025 13:59 05/15/2025 13:59:00 $2,030.00 $319.00 $2,349.00 Main Office 2025-0048873 05/16/2025 12:14 05/16/2025 12:14:00 $5,110.00 $803.00 $5,913.00 Main Office 2025-0049010 05/16/2025 13:07 05/16/2025 13:07:00 $4,375.00 $687.50 $5,062.50 Main Office 2025-0049026 05/16/2025 13:26 05/16/2025 13:26:00 $5,033.00 $790.90 $5,823.90 Main Office 2025-0049145 05/16/2025 16:03 05/16/2025 16:03:00 $3,080.00 $484.00 $3,564.00 Main Office 2025-0049159 05/16/2025 16:15 05/16/2025 16:15:00 $2,205.00 $346.50 $2,551.50 Main Office 2025-0049533 05/19/2025 12:05 05/19/2025 12:05:00 $2,534.00 $398.20 $2,932.20 Main Office 2025-0049735 05/20/2025 08:07 05/20/2025 08:07:00 $5,775.00 $907.50 $6,682.50 Main Office 2025-0049738 05/20/2025 08:08 05/20/2025 08:08:00 $4,536.00 $712.80 $5,248.80 Main Office 2025-0049740 05/20/2025 08:10 05/20/2025 08:10:00 $6,153.00 $966.90 $7,119.90 Main Office 2025-0049760 05/20/2025 08:26 05/20/2025 08:26:00 $6,440.00 $1,012.00 $7,452.00 Main Office Attachment 4 - Documentary Transfer Tax for May 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
06/05/2025 19:08
For Month: May 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
2025-0049880 05/20/2025 09:28 05/20/2025 09:28:00 $3,696.00 $580.80 $4,276.80 Main Office 2025-0049921 05/20/2025 09:54 05/20/2025 09:54:00 $13,850.00 $1,218.25 $15,068.25 Main Office 2025-0050152 05/20/2025 12:22 05/20/2025 12:22:00 $3,010.00 $473.00 $3,483.00 Main Office 2025-0050196 05/20/2025 14:08 05/20/2025 14:08:00 $3,360.00 $528.00 $3,888.00 Main Office 2025-0050199 05/20/2025 14:10 05/20/2025 14:10:00 $3,745.00 $588.50 $4,333.50 Main Office 2025-0050555 05/21/2025 09:37 05/21/2025 09:37:00 $17,825.00 $1,568.60 $19,393.60 Main Office 2025-0050608 05/21/2025 11:14 05/21/2025 11:14:00 $4,900.00 $770.00 $5,670.00 Main Office 2025-0050684 05/21/2025 13:38 05/21/2025 13:38:00 $2,730.00 $429.00 $3,159.00 Main Office 2025-0050750 05/21/2025 14:27 05/21/2025 14:27:00 $4,165.00 $654.50 $4,819.50 Main Office 2025-0050805 05/21/2025 15:29 05/21/2025 15:29:00 $2,800.00 $440.00 $3,240.00 Main Office 2025-0050866 05/22/2025 08:02 05/22/2025 08:02:00 $2,660.00 $418.00 $3,078.00 Main Office 2025-0050881 05/22/2025 08:12 05/22/2025 08:12:00 $3,850.00 $605.00 $4,455.00 Main Office 2025-0051000 05/22/2025 09:09 05/22/2025 09:09:00 $3,885.00 $610.50 $4,495.50 Main Office 2025-0051023 05/22/2025 09:40 05/22/2025 09:40:00 $2,975.00 $467.50 $3,442.50 Main Office 2025-0051047 05/22/2025 10:22 05/22/2025 10:22:00 $2,975.00 $467.50 $3,442.50 Main Office 2025-0051241 05/22/2025 12:28 05/22/2025 12:28:00 $2,597.00 $407.55 $3,004.55 Main Office 2025-0051450 05/23/2025 08:09 05/23/2025 08:09:00 $3,675.00 $577.50 $4,252.50 Main Office 2025-0051472 05/23/2025 08:16 05/23/2025 08:16:00 $6,300.00 $990.00 $7,290.00 Main Office 2025-0051589 05/23/2025 09:25 05/23/2025 09:25:00 $4,760.00 $748.00 $5,508.00 Main Office 2025-0051826 05/23/2025 11:39 05/23/2025 11:39:00 $3,500.00 $550.00 $4,050.00 Main Office 2025-0051871 05/23/2025 12:09 05/23/2025 12:09:00 $805.00 $126.50 $931.50 Main Office 2025-0051903 05/23/2025 12:38 05/23/2025 12:38:00 $5,075.00 $797.50 $5,872.50 Main Office 2025-0052021 05/23/2025 14:45 05/23/2025 14:45:00 $2,485.00 $390.50 $2,875.50 Main Office 2025-0052055 05/23/2025 16:43 05/23/2025 16:43:00 $770.00 $121.00 $891.00 Main Office 2025-0052294 05/27/2025 10:19 05/27/2025 10:19:00 $2,478.00 $389.40 $2,867.40 Main Office 2025-0052329 05/27/2025 11:22 05/27/2025 11:22:00 $4,480.00 $704.00 $5,184.00 Main Office Attachment 4 - Documentary Transfer Tax for May 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
06/05/2025 19:08
For Month: May 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
2025-0052482 05/27/2025 14:18 05/27/2025 14:18:00 $16,187.50 $1,424.50 $17,612.00 Main Office 2025-0052567 05/27/2025 16:12 05/27/2025 16:12:00 $5,250.00 $825.00 $6,075.00 Main Office 2025-0052655 05/28/2025 08:22 05/28/2025 08:22:00 $23,125.00 $2,035.00 $25,160.00 Main Office 2025-0052683 05/28/2025 08:45 05/28/2025 08:45:00 $2,100.00 $330.00 $2,430.00 Main Office 2025-0052792 05/28/2025 09:23 05/28/2025 09:23:00 $4,550.00 $715.00 $5,265.00 Main Office 2025-0052843 05/28/2025 09:46 05/28/2025 09:46:00 $3,850.00 $605.00 $4,455.00 Main Office 2025-0053205 05/28/2025 14:27 05/28/2025 14:27:00 $5,243.00 $823.90 $6,066.90 Main Office 2025-0053783 05/29/2025 13:55 05/29/2025 13:55:00 $15,437.50 $1,358.50 $16,796.00 Main Office 2025-0053838 05/29/2025 14:00 05/29/2025 14:00:00 $5,026.00 $789.80 $5,815.80 Main Office 2025-0054153 05/30/2025 08:29 05/30/2025 08:29:00 $5,880.00 $924.00 $6,804.00 Main Office 2025-0054177 05/30/2025 08:36 05/30/2025 08:36:00 $22,812.50 $2,007.50 $24,820.00 Main Office 2025-0054303 05/30/2025 10:27 05/30/2025 10:27:00 $6,230.00 $979.00 $7,209.00 Main Office 2025-0054325 05/30/2025 11:05 05/30/2025 11:05:00 $12,500.00 $1,100.00 $13,600.00 Main Office 2025-0054416 05/30/2025 12:02 05/30/2025 12:02:00 $2,240.00 $352.00 $2,592.00 Main Office 2025-0054570 05/30/2025 14:40 05/30/2025 14:40:00 $4,305.00 $676.50 $4,981.50 Main Office 2025-0054616 05/30/2025 15:18 05/30/2025 15:18:00 $5,684.00 $892.65 $6,576.65 Main Office 2025-0054668 05/30/2025 15:56 05/30/2025 15:56:00 $6,566.00 $1,031.80 $7,597.80 Main Office 2025-0054701 05/30/2025 16:15 05/30/2025 16:15:00 $2,527.00 $396.55 $2,923.55 Main Office 2025-0054720 05/30/2025 16:30 05/30/2025 16:30:00 $2,450.00 $385.00 $2,835.00 Main Office Total For Richmond $611,459.50 $73,281.45 $684,740.95
Attachment 4 - Documentary Transfer Tax for May 2025