Excise Deed For Free

Common excise taxes include those on gasoline, tobacco and plane tickets. Excise taxes may be charged either as a percentage of the purchase price or as a fixed dollar amount. It makes sense to compare excise taxes to sales taxes, but excise taxes are usually narrower in scope.

Real Estate Transfer Tax in Massachusetts In Massachusetts, the average cost of the transfer tax is $4.56 per $1000 of the sales price. As an example, if you're selling your home for $650,000, the transfer taxes would total out to be $2,964.

Motor vehicle excise tax is an annual tax for the privilege of registering a motor vehicle or trailer. Anyone who registers a vehicle in Massachusetts will receive an excise tax bill from the municipality where the vehicle is garaged.

The amount of the transfer tax depends on how much the property sells for and its location. The basic transfer tax rate in Massachusetts is $2.28 per $500 of property value. However, some counties charge additional transfer taxes.

In MA, sellers take on the burden of real estate transfer taxes. The sum of MA real estate transfer taxes is calculated by the market value of the home and the tax rate of $4.56 per thousand. It is included as part of closing costs for sellers and is commonly required before the deed files.

The basic transfer tax rate in Massachusetts is $2.28 per $500 of property value. However, some counties charge additional transfer taxes. For example, in Barnstable County the combined state and county excise rate is $2.85 per $500.

The excise tax rate is $4.56 per $1000.00 of consideration, rounded up to the nearest $500. For example: if a consideration is stated as $1,546,300.00, then the deeds excise is calculated using $1,546,500.00 and the total fee would be $7,052.04. Please note: a separate check is required for excise tax payments.

Washington state levies a real estate excise tax (REET) on all property sales. This state tax rate is 1.28% of a property's full selling price.

EXCISE TAX RATES:A. ALCOHOL PRODUCTS. PARTICULARS.B. TOBACCO PRODUCTS. PARTICULARS.C. PETROLEUM PRODUCTS. PRODUCT TYPE.D. MINERALS AND MINERAL PRODUCTS. PRODUCT TYPE.E. AUTOMOBILES AND OTHER MOTOR VEHICLES.G. SWEETENED BEVERAGES (RA 10963-TRAIN Law)H. INVASIVE COSMETIC PROCEDURES - (RA 10963-TRAIN Law)A. ALCOHOLPRODUCTS.More items...

What is the real estate excise tax?All sales of real property in the state are subject to REET unless a specific exemption is claimed. The seller of the property typically pays the real estate excise tax, although the buyer is liable for the tax if it is not paid.