Oakland is located in Alameda County, California. Real estate transactions in Oakland are subject to two transfer taxes: (1) the Alameda County Documentary Transfer Tax at $1.10 per $1,000 (0.11%); and (2) Oakland's tiered city transfer tax ranging from $15.00 to $25.00 per $1,000 depending on sale price. Properties selling for up to $2M are taxed at $15.00 per $1,000 (1.5%), those between $2M–$5M at $17.50 per $1,000 (1.75%), and those above $5M at $25.00 per $1,000 (2.5%).
Both the Alameda County Documentary Transfer Tax and the City of Oakland transfer tax are customarily paid by the seller at closing. However, this is negotiable and the purchase agreement may allocate responsibility differently. Buyers and sellers should confirm the allocation through their escrow officer or real estate attorney.
Some Oakland real estate transactions may qualify for exemptions from the transfer taxes. Common exemptions include interspousal transfers, domestic partner transfers, gifts without consideration, transfers to or from revocable living trusts, and qualifying nonprofit or government transfers. Consult a local real estate attorney or title company to determine whether your transaction qualifies for an exemption under Oakland's municipal code.