Massachusetts Transfer Tax Calculator: What to Expect
This simple calculator can help home sellers in Massachusetts estimate their transfer taxes. To get a ballpark idea of the transfer fees you might pay in the Bay State, enter your home’s estimated selling price above.
Need a selling price? Try HomeLight’s free Home Value Estimator to see what your house might be worth. To receive a more accurate listing price, contact a top Massachusetts real estate agent and request a Comparative Market Analysis (CMA), a report that will compare your home against nearby listed and recently sold properties.
How the Massachusetts Transfer Tax is Calculated
Massachusetts’s transfer tax, known as a transfer tax, is calculated at a rate of $2.28 per $500 of the property’s sale price.
For example, if you sold your home for $614,000 (Massachusetts’s median home price), you could expect to pay $2,798.84 in Massachusetts transfer taxes.
»Learn more: Understanding Massachusetts’s Transfer Tax: A Quick Guide
See the bigger home sale picture: To see what your entire home sale might cost, try HomeLight’s Massachusetts Seller Closing Cost Calculator. You’ll also get a preliminary look at your estimated net proceeds.
Does the Seller Always Pay the Massachusetts Transfer Tax?
While it’s customary for the seller to pay the Massachusetts transfer tax, who pays can sometimes be a point of negotiation between the buyer and seller during the closing process.
Some transactions might be eligible for exemptions from transfer taxes.
Here are several scenarios where transfer tax exemptions may apply:
- Mortgage deeds
- Deeds that correct, modify, or supplement previously recorded deeds
- Deeds transferred between husband and wife, or parent and child, when no monetary consideration is exchanged
- Tax deeds
- Deeds releasing property that serves as security for a debt
- Deeds for the division of property between owners without any monetary consideration
- Foreclosures of mortgages by the foreclosing parties
Make Buying and Selling Easier: Most Massachusetts sellers are also buyers looking to purchase a new home. With HomeLight’s Buy Before You Sell program, you can make a non-contingent offer on your new home and only move once. Watch this short video to learn more.
More Resources to Plan Your Massachusetts Home Sale
Here are some additional tools to help you plan your Massachusetts home sale:
- Net Proceeds Calculator
- Map of recently sold homes in Massachusetts
- Listing Agent Match platform
- Home Value Estimator
- Best Time to Sell Calculator
- Agent Commission Calculator
Sell fast without paying fees or commissions: Get a cash offer today.
With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer for your Massachusetts home in 24 hours. If you accept the offer, you can close in as few as 10 days. Answer a few questions about your Massachusetts home to get started. Along with your cash offer, you’ll also receive an expert estimate of what a top Massachusetts agent might be able to get for your home. Receive both selling options with one tool.
As you look ahead to your next home purchase, here are some helpful buyer tools: