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Health & Fitness

Happy Sales Tax Holiday...What's a Tax Stamp?

With all the talk about taxes, there's one tax we never hear about.. local Realtor and Certified Residential Specialist explains...

Everyone knows this weekend is the Massachusetts sales tax holiday! Who doesn’t love a tax holiday? We hear a lot of news about federal income tax, state income tax, property taxes, capital gains tax, tax loop-holes, proposals for new taxes on everything from gasoline to computer services…taxes are always being talked about.

The tax we never hear about is called a “tax stamp”. A what? It’s the tax the state of Massachusetts collects when you sell a house. When I talk with people who are planning to sell their home about what their selling expenses will be, they are almost always surprised (and not in a good way) to hear they have to pay the state when they sell.

How much is it? MORE

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Marilyn Messenger has been selling residential real estate in the Wayland, Sudbury and the suburbs west of Boston for 20 years. Visit www.MarilynMessenger.com or call 508-596-3501 for answers to your home selling and/or buying questions.

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