closing

Kentucky Real Estate Transfer Tax

Kentucky's tax on recorded deeds under KRS 142.050: 50 cents per $500 of value or fraction thereof, paid by the grantor (seller). Partial $500 units are rounded up before multiplying. It works out to $1.00 per $1,000 of value and appears as a seller debit on the closing statement.

Exam tip: Round up any fraction of $500 before multiplying, and charge the grantor, not the buyer.
Example: On a $200,250 sale the seller pays for 401 units of $500 (rounding up): 401 x $0.50 = $200.50.

Related terms & state variants

closing statement debit transfer tax

Sources

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Last verified: 2026-10-23