Do Massachusetts Homebuyers Pay Taxes When Buying a Home? from property tax receipt Watch Video

⏲ Duration: 1 min 37 sec
✓ Published: 02-Jul-2021

Description:
No, Massachusetts home buyers do not pay taxes on the purchase of real estate, but home sellers do pay something called tax stamps.nnThe Commonwealth of Massachusetts derives revenue from the sale of real estate through state excise tax stamps. The tax stamps in most counties are $4.56 per $1000 of the sales price.nnFor example, a home sold for $400,000 in most counties would result in the seller paying tax stamps in the amount of $1,824 (400 x $4.56 = $1,824). Tax stamps are paid at the Registr