Home Selling in Milton>Question Details

Stpleasant, Home Buyer in Milton, MA

what is the rate in Milton Massachusetts for stamps at closing by the seller?

Asked by Stpleasant, Milton, MA Fri Jun 24, 2011

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Michael Mahoney’s answer
The rate is 4.56 per $1000 in sales price. So if the property were to sell for $100,000. The amount would be $456.
The stamps tax is due at the time of the closed sales transaction to the state (payable at the registry - in the case of a Milton Mass sale it would be the Norfolk Registry).
The stamps tax is based upon the gross sales price. This means that if the seller pays some closing costs for the buyer in the form of a credit which reduces the sales price, the seller pays on the above the line figure.
Web Reference: http://www.MMahoney.com
0 votes Thank Flag Link Wed Oct 17, 2012
It's $4.56 per thousand. Example : $100,000 is $456, $200,000 is $912, etc...
0 votes Thank Flag Link Tue Oct 4, 2011
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