Overview of Real Property Transfer Taxes (MA)

Summary

This practice note discusses transfer taxes imposed on transfers of real property in Massachusetts. This practice note examines issues such as when the stamp tax is imposed, exemptions from the tax, and situations in which the law may not be clear as to whether the tax applies. In addition to the Massachusetts real estate transfer tax, the islands of Martha’s Vineyard (Dukes County) and Nantucket (Nantucket County) impose a land bank fee on transfers of real property. This practice note also explains which transactions are subject to land bank fees, how the fees are calculated and paid, and when exemptions are available. This practice note provides valuable guidance on how to properly calculate such taxes and the forms required for compliance with such taxes to help you properly advise your clients.