What taxes will I owe when I downsize in Canton?

Downsizing in Canton mainly raises capital gains tax on the sale of the old home, since the transfer tax owed at closing is a small, formula-based amount tied to the sale price rather than a downsizing-specific charge. Gains tax depends on the original purchase price, improvements and the eventual sale price, with a meaningful exclusion available to longtime owner-occupants before anything is taxable. A CPA can run the actual numbers, and a current Cherokee County valuation from Joel Boss gives that CPA real figures.