| 3.501 |
Nontaxation of Transfers of Real Property
Real estate is exempt from sales tax but is subject to a deeds excise at a rate of 0.456% of the taxable price of the property (0.342% in Barnstable County). The estimate represents revenues that would be collected under the sales tax if sales of real property were taxed at 6.25%.
Comment: Revenues collected under the Deeds Excise Tax (including Secretary State Deeds) were $105.5 million in Fiscal Year 2009 and $137.9 million in Fiscal Year 2010.
Origin: General exclusion of real property transactions
Estimate: $1824
|
2137.6
|
1751.2
|
1824.3
|