Oklahoma City is located in Oklahoma County, Oklahoma. Oklahoma imposes a Documentary Stamp Tax of $0.75 per $500 of consideration (0.15%) on all real property transfers. The tax is collected by Oklahoma County at the time of deed recording. There is no additional city-level transfer tax imposed by Oklahoma City beyond the state rate.
In Oklahoma City and throughout Oklahoma, the Documentary Stamp Tax may be paid by either the grantor (seller) or the grantee (buyer) as agreed in the purchase contract. By custom, the seller typically pays. Buyers and sellers should confirm payment responsibilities with their real estate attorney or title company.
Certain Oklahoma City real estate transactions may be exempt from Oklahoma's Documentary Stamp Tax. Common exemptions include transfers with nominal consideration, transfers to qualifying governmental entities, certain estate-related transfers, and transfers between family members with no consideration. Consult an Oklahoma real estate attorney to determine whether your transaction qualifies for an exemption.