Transfer and recordation taxes are taxes charged by the state and the county to transfer the ownership of the property from one entity to another. In our area, it is customary for the transfer and recordation taxes to be split evenly between the buyer and seller. If you are a flipper, you will need to pay a portion of the transfer and recordation taxes when you are buying and selling the property. Your title company will determine the exact amount but you can also find visit this DC government page and this Maryland Taxes page to learn more.