[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_row column_structure=”2_3,1_3″ admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”2_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Tax Stamps” _builder_version=”4.17.3″ global_colors_info=”{}”]<\/p>\n
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.<\/p>\n
[\/et_pb_text][et_pb_text admin_label=”Notes on Fees” _builder_version=”4.17.3″ global_colors_info=”{}”]<\/p>\n
Historic Deeds Excise Tax charts:<\/strong><\/p>\n 1940 to 1967<\/a><\/p>\n