The Commonwealth of Massachusetts derives revenue from the sale of real estate through the sale of state tax stamps. The amount of the excise tax stamp differs from time to time depending on the action of the State General Court. In Dukes County, the seller, by custom, is obligated to pay the amount of this stamp just as the buyer is accountable for paying the Land Bank fee, recording fee for the deed and his/her mortgage. The current tax stamp rate is $4.56 per $1,000.00 of value, rounded up to the nearest $500 (e.g. If consideration is stated as $1,546,300. then deeds excise is calculated using $1,546,500 and the total fee would be $7,052.04). Consideration of $100.00 or less is exempt.
Excise Tax Calculator
The effective tax rate is $4.56 per $1000 or fraction thereof of taxable value. There is no excise tax due where the consideration stated is less than $100.00.