ValuationDeed_excise_tax_transfer_stampsEASY
Under Massachusetts law, the deed excise tax (transfer stamps) is calculated based on which of the following?
Correct Answer
D) The full purchase price or consideration stated in the deed
Under MGL Chapter 64D, the Massachusetts deed excise tax is calculated on the full consideration (purchase price) stated in the deed. The rate is $4.56 per $1,000 (or fraction thereof) of the purchase price, and it is based on the actual sales price recorded in the deed, not any other valuation measure.
Answer Options
A
The assessed value of the property as determined by the local municipalityB
The appraised fair market value as determined by a licensed appraiserC
The mortgage loan amount used to finance the purchaseD
The full purchase price or consideration stated in the deedWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Valuation Question
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Background Knowledge for Valuation
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Real World Application in Valuation
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Related Topics & Key Terms
Key Terms:
deed_excise_taxtransfer_stampsconsiderationMGL_chapter_64D
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