Trulia Voices: In Massachusetts, do I pay Sales TAX at the time of Closing? I understand about the tax on Capital Gains but

Trulia Voices: In Massachusetts, do I pay Sales TAX at the time of Closing? I understand about the tax on Capital Gains buthttp://www.trulia.com/voices/Home_Selling/In_Massachusetts_do_I_pay_Sales_TAX_at_the_time_o-52110am unsure about paying 'Sales Tax' time of closing.en-usAnswer by Bill Gassetthttp://www.trulia.com/voices/profile/Real_Estate_Pro-Hopkinton_MA-60515/http://www.trulia.com/voices/profile/Real_Estate_Pro-Hopkinton_MA-60515/Yes. They tax is known as the Massachusetts tax stamp or transfer tax. The cost is $4.56 per thousand. So if you are selling a home for $300,000. The amount you would owe would be 4.56 x 300.Sun, 28 Jun 2009 18:46:33 -0700Answer by Irena Magzelcihttp://www.trulia.com/voices/profile/Real_Estate_Pro-Newton_MA-111259/http://www.trulia.com/voices/profile/Real_Estate_Pro-Newton_MA-111259/The obligation to pay deed stamps is imposed on the seller, except in some instances where buyer agrees to pay for it.Wed, 13 Aug 2008 14:02:16 -0700Answer by Jonathan Bowenhttp://www.trulia.com/voices/profile/Real_Estate_Pro-Boston_MA-70032/http://www.trulia.com/voices/profile/Real_Estate_Pro-Boston_MA-70032/Yes, the cost is $4.56 per $1,000. They're called tax stamps and they bite you on the tush at closing. Figure it as an extra .456% at closing.Tue, 12 Aug 2008 20:00:59 -0700Answer by Vicky Chrisnerhttp://www.trulia.com/voices/profile/Real_Estate_Pro-20176-289684/http://www.trulia.com/voices/profile/Real_Estate_Pro-20176-289684/I believe you do, although I can't give you an estimate. Do you need referral to a local real estate agent, or perhaps a settlement/closing attorney? I'd be happy to refer you - please feel free to contact me at vchrisner@kw.comMon, 11 Aug 2008 18:03:55 -0700