Quote:
Originally Posted by Just Sold
NH State Property Transfer tax is paid at the closing. The closing attorney shows the charge on the HUD settlement paperwork. It is $15.00 per $1000.00 of sale price of the property. This is split 50/50 between buyer and seller.
ie. $100,000 sale price - $15.00 x 100 = $1500 / 2 = $750.00 ea for buyer and seller. In MA it is the seller who pays the tranfer tax.
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The tax is $15.00 per thousand. but I had to pay the full amount.
My mother willed the condo to me and even tho it is an inheritance or gift, I had to pay the transfer tax along with the inheritance tax. I had to take out a home equity loan to take care of it.