Massachusetts Title Insurance Rate & MA Transfer Tax Calculator
Easily
calculate the Massachusetts title insurance rate and transfer tax for
1 - 4 unit residential units, including the Massachusetts excise stamps.
Massachusetts is one of only three states in the country that does not
license title insurers and one of just eight states that do not regulate
title insurance rates in any way; and does not regulate the agents who
represent the insurers. Please send me an E-mail
if you see an error or want to make a comment.
Excise tax in Massachusetts
The transfer tax rate is $4.56 per $1000 or fraction thereof of taxable value. There is no excise (transfer) tax due where the stated consideration is less than $100.00.
What is the reissue rate in Massachusetts
The reissue rate is 60% of the rate for the original insurance.
The reissue rate can be applied only up to the amount of insurance
of previously issued policy. The excess amount of insurance, if
any, must be calculated at charges under applicable brackets. Reissue
rates are applicable under the following circumstances:
1. A purchaser or lessee or real estate from one whose title thereto,
as owner, has been insured by any title insurance company within
seven (7) year prior to the application for a new owner's or leasehold
policy shall be entitled to the reissue rate for owner's title insurance
in an amount up to the face liability of such former policy. A copy
of said former policy must be furnished to the new insurer (new
issuing agent) prior to issuance of the new owner's policy.
2. An assured under an owner's or leasehold owner's policy grants
a mortgage on the property insured desires to furnish his mortgagee
with a policy of title insurance. The premium for the Lender’s policy
is calculated as stated in the definition above.