Attachment 4 - Documentary Transfer Tax for July 2025
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-t o-month from the low $300 thousand to the highs of $7 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.
In FY2024 -25, the City budgeted $7.4 million. The difference between the budgeted amounts in these two years is that in the FY2024-25 budget, staff did not include property sales of over $10 million in the formula. These few and unpredictable transactions skew the monthly sales figures.
For FY 2025-26, t he City bu dgeted $ 13.6 m illion following the G uiding Fiscal Policy formula.
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
08/06/2025 11:50
For Month: July 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
For Richmond
2025-0065749 07/01/2025 08:22 07/01/2025 08:22:00 $5,530.00 $869.00 $6,399.00 Main Office 2025-0066269 07/01/2025 16:03 07/01/2025 16:03:00 $4,235.00 $665.50 $4,900.50 Main Office 2025-0066701 07/02/2025 10:09 07/02/2025 10:09:00 $4,200.00 $660.00 $4,860.00 Main Office 2025-0066810 07/02/2025 12:50 07/02/2025 12:50:00 $5,320.00 $836.00 $6,156.00 Main Office 2025-0066939 07/02/2025 15:17 07/02/2025 15:17:00 $2,982.00 $468.60 $3,450.60 Main Office 2025-0066999 07/02/2025 16:31 07/02/2025 16:31:00 $5,215.00 $819.50 $6,034.50 Main Office 2025-0067003 07/02/2025 16:33 07/02/2025 16:33:00 $4,480.00 $704.00 $5,184.00 Main Office 2025-0067392 07/03/2025 13:55 07/03/2025 13:55:00 $3,115.00 $489.50 $3,604.50 Main Office 2025-0067857 07/07/2025 12:24 07/07/2025 12:24:00 $6,750,000.0 $247,500.00 $6,997,500.00 Main Office 2025-0068223 07/08/2025 10:26 07/08/2025 10:26:00 $3,976.00 $624.25 $4,600.25 Main Office 2025-0068250 07/08/2025 10:36 07/08/2025 10:36:00 $3,850.00 $605.00 $4,455.00 Main Office 2025-0068260 07/08/2025 10:42 07/08/2025 10:42:00 $6,993.00 $1,098.90 $8,091.90 Main Office 2025-0068907 07/09/2025 12:52 07/09/2025 12:52:00 $4,795.00 $753.50 $5,548.50 Main Office 2025-0069015 07/09/2025 15:17 07/09/2025 15:17:00 $2,485.00 $390.50 $2,875.50 Main Office 2025-0069188 07/10/2025 09:28 07/10/2025 09:28:00 $4,375.00 $687.50 $5,062.50 Main Office 2025-0069415 07/10/2025 12:58 07/10/2025 12:58:00 $2,730.00 $429.00 $3,159.00 Main Office 2025-0069442 07/10/2025 13:39 07/10/2025 13:39:00 $3,885.00 $610.50 $4,495.50 Main Office 2025-0069459 07/10/2025 14:05 07/10/2025 14:05:00 $18,187.50 $1,600.50 $19,788.00 Main Office 2025-0069471 07/10/2025 14:16 07/10/2025 14:16:00 $5,250.00 $825.00 $6,075.00 Main Office 2025-0069562 07/10/2025 14:34 07/10/2025 14:34:00 $3,535.00 $555.50 $4,090.50 Main Office 2025-0069810 07/11/2025 09:48 07/11/2025 09:48:00 $4,550.00 $715.00 $5,265.00 Main Office 2025-0069868 07/11/2025 10:52 07/11/2025 10:52:00 $4,200.00 $660.00 $4,860.00 Main Office 2025-0070082 07/11/2025 15:00 07/11/2025 15:00:00 $4,886.00 $767.80 $5,653.80 Main Office 2025-0070463 07/14/2025 12:21 07/14/2025 12:21:00 $3,605.00 $566.50 $4,171.50 Main Office Attachment 4 - Documentary Transfer Tax for July 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
08/06/2025 11:50
For Month: July 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
2025-0070471 07/14/2025 12:36 07/14/2025 12:36:00 $4,200.00 $660.00 $4,860.00 Main Office 2025-0070499 07/14/2025 13:27 07/14/2025 13:27:00 $3,220.00 $506.00 $3,726.00 Main Office 2025-0070656 07/15/2025 08:07 07/15/2025 08:07:00 $17,500.00 $1,540.00 $19,040.00 Main Office 2025-0070933 07/15/2025 12:11 07/15/2025 12:11:00 $1,925.00 $302.50 $2,227.50 Main Office 2025-0070937 07/15/2025 12:14 07/15/2025 12:14:00 $4,648.00 $730.40 $5,378.40 Main Office 2025-0070939 07/15/2025 12:17 07/15/2025 12:17:00 $6,993.00 $1,098.90 $8,091.90 Main Office 2025-0070970 07/15/2025 13:57 07/15/2025 13:57:00 $4,585.00 $720.50 $5,305.50 Main Office 2025-0070975 07/15/2025 14:01 07/15/2025 14:01:00 $4,004.00 $629.20 $4,633.20 Main Office 2025-0071242 07/16/2025 07:58 07/16/2025 07:58:00 $5,670.00 $891.00 $6,561.00 Main Office 2025-0071373 07/16/2025 09:22 07/16/2025 09:22:00 $5,005.00 $786.50 $5,791.50 Main Office 2025-0071424 07/16/2025 09:48 07/16/2025 09:48:00 $4,340.00 $682.00 $5,022.00 Main Office 2025-0072032 07/17/2025 14:16 07/17/2025 14:16:00 $4,550.00 $715.00 $5,265.00 Main Office 2025-0072218 07/18/2025 08:13 07/18/2025 08:13:00 $5,495.00 $863.50 $6,358.50 Main Office 2025-0072234 07/18/2025 08:20 07/18/2025 08:20:00 $13,750.00 $1,210.00 $14,960.00 Main Office 2025-0072313 07/18/2025 09:41 07/18/2025 09:41:00 $5,145.00 $808.50 $5,953.50 Main Office 2025-0072413 07/18/2025 11:25 07/18/2025 11:25:00 $2,450.00 $385.00 $2,835.00 Main Office 2025-0072425 07/18/2025 11:34 07/18/2025 11:34:00 $4,690.00 $737.00 $5,427.00 Main Office 2025-0072494 07/18/2025 13:26 07/18/2025 13:26:00 $24,462.50 $2,152.70 $26,615.20 Main Office 2025-0072548 07/18/2025 14:26 07/18/2025 14:26:00 $3,199.00 $502.70 $3,701.70 Main Office 2025-0072870 07/21/2025 11:14 07/21/2025 11:14:00 $3,920.00 $616.00 $4,536.00 Main Office 2025-0072877 07/21/2025 11:21 07/21/2025 11:21:00 $5,796.00 $910.80 $6,706.80 Main Office 2025-0072909 07/21/2025 11:43 07/21/2025 11:43:00 $4,095.00 $643.50 $4,738.50 Main Office 2025-0072950 07/21/2025 12:43 07/21/2025 12:43:00 $3,045.00 $478.50 $3,523.50 Main Office 2025-0073155 07/21/2025 15:32 07/21/2025 15:32:00 $5,320.00 $836.00 $6,156.00 Main Office 2025-0073222 07/22/2025 08:49 07/22/2025 08:49:00 $4,165.00 $654.50 $4,819.50 Main Office 2025-0073271 07/22/2025 09:16 07/22/2025 09:16:00 $2,100.00 $330.00 $2,430.00 Main Office Attachment 4 - Documentary Transfer Tax for July 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
08/06/2025 11:50
For Month: July 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
2025-0073288 07/22/2025 09:23 07/22/2025 09:23:00 $3,640.00 $572.00 $4,212.00 Main Office 2025-0073816 07/23/2025 08:46 07/23/2025 08:46:00 $3,500.00 $550.00 $4,050.00 Main Office 2025-0073828 07/23/2025 09:11 07/23/2025 09:11:00 $5,180.00 $814.00 $5,994.00 Main Office 2025-0073840 07/23/2025 09:27 07/23/2025 09:27:00 $117,500.00 $5,170.00 $122,670.00 Main Office 2025-0073969 07/23/2025 12:17 07/23/2025 12:17:00 $2,205.00 $346.50 $2,551.50 Main Office 2025-0074088 07/23/2025 14:50 07/23/2025 14:50:00 $6,300.00 $990.00 $7,290.00 Main Office 2025-0074383 07/24/2025 11:28 07/24/2025 11:28:00 $2,905.00 $456.50 $3,361.50 Main Office 2025-0074449 07/24/2025 12:36 07/24/2025 12:36:00 $714.00 $111.65 $825.65 Main Office 2025-0074480 07/24/2025 13:16 07/24/2025 13:16:00 $3,752.00 $589.05 $4,341.05 Main Office 2025-0074590 07/24/2025 16:03 07/24/2025 16:03:00 $3,500.00 $550.00 $4,050.00 Main Office 2025-0074635 07/25/2025 08:07 07/25/2025 08:07:00 $2,800.00 $440.00 $3,240.00 Main Office 2025-0074864 07/25/2025 11:15 07/25/2025 11:15:00 $4,900.00 $770.00 $5,670.00 Main Office 2025-0074986 07/25/2025 13:38 07/25/2025 13:38:00 $13,125.00 $1,155.00 $14,280.00 Main Office 2025-0075017 07/25/2025 14:23 07/25/2025 14:23:00 $2,660.00 $418.00 $3,078.00 Main Office 2025-0075052 07/25/2025 15:43 07/25/2025 15:43:00 $3,668.00 $576.40 $4,244.40 Main Office 2025-0075303 07/28/2025 11:04 07/28/2025 11:04:00 $5,243.00 $823.90 $6,066.90 Main Office 2025-0075459 07/28/2025 13:32 07/28/2025 13:32:00 $3,052.00 $479.60 $3,531.60 Main Office 2025-0075713 07/29/2025 09:05 07/29/2025 09:05:00 $12,500.00 $1,100.00 $13,600.00 Main Office 2025-0075731 07/29/2025 09:16 07/29/2025 09:16:00 $3,535.00 $555.50 $4,090.50 Main Office 2025-0075881 07/29/2025 11:31 07/29/2025 11:31:00 $3,500.00 $550.00 $4,050.00 Main Office 2025-0076213 07/29/2025 15:29 07/29/2025 15:29:00 $4,410.00 $693.00 $5,103.00 Main Office 2025-0076217 07/29/2025 15:33 07/29/2025 15:33:00 $3,640.00 $572.00 $4,212.00 Main Office 2025-0076500 07/30/2025 10:22 07/30/2025 10:22:00 $6,405.00 $1,006.50 $7,411.50 Main Office 2025-0076712 07/30/2025 14:51 07/30/2025 14:51:00 $3,850.00 $605.00 $4,455.00 Main Office 2025-0076788 07/31/2025 08:05 07/31/2025 08:05:00 $5,705.00 $896.50 $6,601.50 Main Office 2025-0076905 07/31/2025 09:49 07/31/2025 09:49:00 $2,450.00 $385.00 $2,835.00 Main Office Attachment 4 - Documentary Transfer Tax for July 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
08/06/2025 11:50
For Month: July 2025
Document No. Recording Date/Time Transaction Date/Time Action City Split County Split Transfer Tax Total Location
2025-0077045 07/31/2025 12:31 07/31/2025 12:31:00 $3,850.00 $605.00 $4,455.00 Main Office 2025-0077176 07/31/2025 15:07 07/31/2025 15:07:00 $3,780.00 $594.00 $4,374.00 Main Office 2025-0077256 07/31/2025 16:33 07/31/2025 16:33:00 $3,710.00 $583.00 $4,293.00 Main Office Total For Richmond $7,258,631.00 $307,250.35 $7,565,881.35 Attachment 4 - Documentary Transfer Tax for July 2025