Patricia is a salesperson representing the seller in a residential transaction in Newton. The purchase price is $750,000. At closing, the deed excise tax stamps must be purchased from which Massachusetts entity before the deed can be recorded?
Correct Answer
B) The Massachusetts Department of Revenue through the local Registry of Deeds
In Massachusetts, the deed excise tax stamps are purchased through the local Registry of Deeds, which collects the tax on behalf of the Massachusetts Department of Revenue. The stamps must be affixed to or noted on the deed before it can be recorded. The Registry of Deeds serves as the collection point for MGL Chapter 64D deed excise taxes.
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