Massachusetts H3061 imposes a 15% fee on the purchase price for real property transfers to nonresident purchasers.

Massachusetts H3061 introduces a 15% fee on the purchase price for real property transfers to nonresident purchasers. The fee is the responsibility of the nonresident purchaser and is due at the time of transfer. The fee must be paid to the city or town, or its designee, and is accompanied by a copy of the deed or other instrument evidencing the transfer and an affidavit attesting to the true purchase price. The fee is deposited into an affordable housing trust fund.

Massachusetts H3061 imposes a 15% fee on the purchase price for real property transfers to nonresident purchasers.

Massachusetts H3061 introduces a 15% fee on the purchase price for real property transfers to nonresident purchasers. The fee is the responsibility of the nonresident purchaser and is due at the time of transfer. The fee must be paid to the city or town, or its designee, and is accompanied by a copy of the deed or other instrument evidencing the transfer and an affidavit attesting to the true purchase price. The fee is deposited into an affordable housing trust fund.