Seller net proceeds analysis in Kensington

For FY2027 the Town of Kensington levies $0.1312 per $100 on real property. Kensington sellers prorate that line at settlement with county tax.

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Seller net proceeds analysis

A seller net proceeds analysis replaces the number in your head with the number on the wire: sale-price scenarios minus payoff, Maryland transfer and recordation taxes, commissions, prep, and credits.

A seller net sheet in Kensington often carries a tax line other suburbs never see. For FY2027 the Town of Kensington levies $0.1312 per $100 of assessed value on property inside its limits. County and state tax come on top. Levy year 2025 bills put the town charge on 800 parcels, and the 524 owner-occupied ones had a middle assessment of $771,784. Settlement divides the year’s taxes by date, so the town amount gets split too.

Credits trim what’s split. On those same bills 341 town parcels got a municipal homestead credit, typically $67.06. Not much. But a title company working from the gross charge instead of the net can misstate your proration, and we’ve seen it happen. We read the line off your own bill and send it to settlement in writing.

Transfer taxes come next. Montgomery County takes 1% on improved residential sales at $70,000 and up. Absent contract language, Maryland splits transfer and recordation taxes down the middle. That changes when the purchaser has never owned a Maryland home, because the state share then lands on the seller. Several thousand dollars can hinge on that single question, so buyer status gets asked on every offer.

Each figure on the sheet names where it came from: dated tax prorations for town, county and state, transfer shares, loan payoff, credits and fees. Results appear at three prices, side by side. Seller net proceeds analysis lays out the method in general terms. Disclosure items that can become credits appear on home seller requirements in Kensington. Repair credits after inspection are handled on inspection and appraisal negotiation in Kensington. Village tax lines shape Seller net sheet in Chevy Chase too. Questions about any single line can go to our Kensington real estate agent ahead of signing.

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Kensington

The lot decides whether the town line shows up, not the mailing address. Houses inside the Town of Kensington pay the $0.1312 levy. North Kensington, South Kensington and most of ZIP 20895 pay county and state tax only. Town properties also skip the county’s refuse charge, because the town runs its own collection. Condos near Howard Avenue prorate association dues alongside taxes. Historic district sales sometimes include credits for exterior work. Every proration starts from your bill. Averages hide too much.

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Answered

Kensington, answered.

Q: What town tax shows up on a Kensington settlement statement? A: The Town of Kensington’s FY2027 levy of $0.1312 per $100 of assessed value, charged only inside the town limits. It sits alongside county and state tax, and Kensington sellers split it with the buyer by the settlement date. We confirm the exact amount from your bill. Q: How many Kensington parcels pay the town levy? A: 800 on levy year 2025 bills, with 524 of them owner-occupied at a middle assessment of $771,784. Another detail: 341 town parcels got a municipal homestead credit, so we prorate each Kensington seller’s line after credits rather than from the gross charge. Q: Who covers transfer tax when selling in Kensington? A: Buyer and seller split it equally by default under Maryland Real Property 14-104, unless the contract says otherwise. Buyers who’ve never owned in Maryland move the state portion to the seller. Montgomery County’s own 1% transfer tax also applies to a Kensington house selling above $70,000.

Sources

Last reviewed October 3, 2026 by Levi Loveless, licensed in Maryland and Virginia. Every rule, rate and figure on this page links to the source we checked.

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Start the net from your own tax bill.

Share last year’s bill, a payoff estimate from your lender and a price you’re considering. We prorate town, county and state lines, apply credits and transfer shares, then show how your proceeds change at three prices. Decisions get easier with real numbers.