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Mar 19, 2024 · Massachusetts's current transfer tax rate is $2.28 per $500. So, for a house worth $635,183 — the median home price in the state — the transfer tax due will be $2,922. In Massachusetts transfer taxes may also be called deed stamps or excise taxes.
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Nov 27, 2023 · The value of a real estate transfer fee depends on the rate (0.5% to 2% under current proposals), the sales price threshold over which the fee applies, and whether the fee is assessed on the entire sale price or only the portion of the sale price above the threshold.
May 7, 2024 · Our guide will offer a quick overview of how transfer taxes work in Massachusetts, detailing who is responsible for these costs and what you, as a seller, can expect to pay when you transfer ownership of your property.
Oct 23, 2023 · Transfer taxes: Most states levy a real estate transfer tax, which covers the transferral of ownership from the seller to the buyer. In Massachusetts, this is typically paid for by the seller and...
- Kacie Goff
Jun 6, 2023 · The bill, known as H. 2747 and S. 1771, authorizes communities to adopt a transfer fee of between 0.5% and 2% on real estate transactions above $1 million to create a trust to fund...
Jun 7, 2024 · A 1 percent transfer fee in Somerville, for instance, would mean a homeowner who sells their house for $1.4 million would pay $4,000, while if Boston enacted a 2 percent fee, the real...
Under the proposed local option, any city, town or regional affordable housing commission can adopt a real estate transfer fee between 0.5 percent and 2 percent on the portions of a...
