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 $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 FY2025- 26, the City budgeted $13.6 million following the Guiding 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.
Attachment 4 - Documentary Transfer Tax for August 2025 Action City Split
$5,957.00
$4,725.00
$1,855.00
$6,230.00
$4,060.00
$3,325.00
$4,725.00
$3,661.00
$980.00
$15,625.00
$4,725.00
$3,360.00
$3,325.00
$5,460.00
$5,943.00
$3,395.00
$2,800.00
$3,885.00
$4,585.00
$14,062.50
$6,881.00
$3,395.00
$4,557.00
$5,040.00
$4,620.00
$4,130.00
$3,290.00
$3,199.00
$5,075.00
$1,540.00
$13,500.00
$4,977.00
$4,200.00
$3,640.00
$15,000.00
$5,950.00
$6,006.00
$3,990.00
$5,075.00
$4,529.00
$3,892.00
$2,065.00
$4,060.00
$13,375.00
$6,720.00
$14,687.50
$3,843.00
$4,900.00
$3,850.00
2025-0084790 08/20/2025 15:41 08/20/2025 15:41:00
2025-0085139 08/21/2025 11:26 08/21/2025 11:26:00
2025-0085324 08/21/2025 13:53 08/21/2025 13:53:00
2025-0084083 08/19/2025 12:44 08/19/2025 12:44:00
2025-0084289 08/19/2025 15:50 08/19/2025 15:50:00
2025-0084364 08/20/2025 08:00 08/20/2025 08:00:00
2025-0083557 08/18/2025 11:34 08/18/2025 11:34:00
2025-0083607 08/18/2025 12:47 08/18/2025 12:47:00
2025-0083894 08/19/2025 09:43 08/19/2025 09:43:00
2025-0083379 08/18/2025 09:10 08/18/2025 09:10:00
2025-0083528 08/18/2025 10:58 08/18/2025 10:58:00
2025-0083554 08/18/2025 11:29 08/18/2025 11:29:00
2025-0083113 08/15/2025 12:33 08/15/2025 12:33:00
2025-0083360 08/18/2025 08:50 08/18/2025 08:50:00
2025-0083370 08/18/2025 09:00 08/18/2025 09:00:00
2025-0083018 08/15/2025 10:47 08/15/2025 10:47:00
2025-0083030 08/15/2025 10:58 08/15/2025 10:58:00
2025-0083090 08/15/2025 11:56 08/15/2025 11:56:00
2025-0081926 08/13/2025 09:54 08/13/2025 09:54:00
2025-0082565 08/14/2025 11:55 08/14/2025 11:55:00
2025-0082912 08/15/2025 09:40 08/15/2025 09:40:00
2025-0081032 08/11/2025 15:54 08/11/2025 15:54:00
2025-0081195 08/12/2025 09:25 08/12/2025 09:25:00
2025-0081474 08/12/2025 13:27 08/12/2025 13:27:00
2025-0080878 08/11/2025 13:16 08/11/2025 13:16:00
2025-0080921 08/11/2025 13:58 08/11/2025 13:58:00
2025-0080984 08/11/2025 14:50 08/11/2025 14:50:00
2025-0080431 08/08/2025 14:50 08/08/2025 14:50:00
2025-0080580 08/11/2025 08:26 08/11/2025 08:26:00
2025-0080789 08/11/2025 11:40 08/11/2025 11:40:00
2025-0080351 08/08/2025 14:19 08/08/2025 14:19:00
2025-0080358 08/08/2025 14:21 08/08/2025 14:21:00
2025-0080373 08/08/2025 14:31 08/08/2025 14:31:00
2025-0080065 08/08/2025 09:43 08/08/2025 09:43:00
2025-0080149 08/08/2025 10:52 08/08/2025 10:52:00
2025-0080301 08/08/2025 13:30 08/08/2025 13:30:00
2025-0079345 08/06/2025 12:54 08/06/2025 12:54:00
2025-0079376 08/06/2025 13:23 08/06/2025 13:23:00
2025-0079711 08/07/2025 10:34 08/07/2025 10:34:00
2025-0079214 08/06/2025 10:20 08/06/2025 10:20:00
2025-0079219 08/06/2025 10:22 08/06/2025 10:22:00
2025-0079224 08/06/2025 10:25 08/06/2025 10:25:00
2025-0078324 08/04/2025 13:05 08/04/2025 13:05:00
2025-0078339 08/04/2025 14:03 08/04/2025 14:03:00
2025-0078795 08/05/2025 12:57 08/05/2025 12:57:00
2025-0077792 08/01/2025 11:55 08/01/2025 11:55:00
2025-0078025 08/01/2025 16:20 08/01/2025 16:20:00
2025-0078299 08/04/2025 12:41 08/04/2025 12:41:00
Document No. Recording Date/Time Transaction Date/Time
For Richmond
2025-0077748 08/01/2025 11:40 08/01/2025 11:40:00
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
Report Date & Time
09/04/2025 17:07
City: Rm Richmond
For Month: August 2025
Attachment 4 - Documentary Transfer Tax for August 2025 $5,908.00
$4,550.00
$4,046.00
$13,625.00
$6,300.00
$4,480.00
$3,465.00
$4,550.00
$2,100.00
$4,550.00
$13,850.00
$3,920.00
$3,913.00
$4,970.00
$3,150.00
$5,215.00
$6,146.00
$2,380.00
$4,893.00
$3,675.00
$3,150.00
$3,150.00
$380,656.00
Count: 71
2025-0088573 08/29/2025 16:03 08/29/2025 16:03:00
Total:Total $ of Cap docs
Total Count of Cap
docs
$330,732.00
53 2025-0088359 08/29/2025 13:31 08/29/2025 13:31:00
2025-0088385 08/29/2025 13:53 08/29/2025 13:53:00
2025-0088431 08/29/2025 14:27 08/29/2025 14:27:00
2025-0088033 08/28/2025 16:01 08/28/2025 16:01:00
2025-0087482 08/27/2025 12:51 08/27/2025 12:51:00
2025-0087515 08/27/2025 13:13 08/27/2025 13:13:00
2025-0088008 08/28/2025 15:47 08/28/2025 15:47:00
2025-0088017 08/28/2025 15:51 08/28/2025 15:51:00
2025-0088024 08/28/2025 15:55 08/28/2025 15:55:00
2025-0086904 08/26/2025 12:56 08/26/2025 12:56:00
2025-0087340 08/27/2025 10:29 08/27/2025 10:29:00
2025-0087372 08/27/2025 10:57 08/27/2025 10:57:00
2025-0086478 08/25/2025 15:27 08/25/2025 15:27:00
2025-0086496 08/25/2025 15:37 08/25/2025 15:37:00
2025-0086512 08/25/2025 15:47 08/25/2025 15:47:00
2025-0085975 08/22/2025 14:56 08/22/2025 14:56:05
2025-0086356 08/25/2025 13:55 08/25/2025 13:55:00
2025-0086447 08/25/2025 15:13 08/25/2025 15:13:00
2025-0085504 08/22/2025 08:32 08/22/2025 08:32:00
2025-0085583 08/22/2025 09:06 08/22/2025 09:06:00
2025-0085661 08/22/2025 09:59 08/22/2025 09:59:00
Attachment 4 - Documentary Transfer Tax for August 2025