Aurora, Colorado spans parts of Arapahoe, Adams, and Douglas counties. Colorado imposes a nominal state documentary fee of $0.01 per $100 of consideration (0.01%), which is one of the lowest in the country. Neither Aurora nor the counties it spans impose an additional local transfer tax, making Aurora one of the most tax-friendly real estate markets in the nation.
Colorado's state documentary fee is typically paid by the buyer, though this is negotiable. Because the fee is so minimal (only 0.01%), it rarely becomes a significant point of negotiation. The purchase agreement and closing instructions will specify which party is responsible for the fee.
Colorado's documentary fee applies broadly to all real estate transfers for consideration above $500. Certain transfers may be exempt, including gifts, transfers to qualifying nonprofits, governmental transfers, and certain intra-family transfers. Consult a Colorado real estate attorney or title company to verify whether your transaction qualifies for an exemption.