In Massachusetts, transfer taxes are split evenly between the seller and the buyer at closing. The tax rate is $2.20 per $500 of the sale price. For example, if the sale price is $200,000, the seller and buyer would each pay $220 in transfer taxes.
FSBO sellers should be aware of the transfer tax and factor it into their pricing strategy. They should also be prepared to provide the buyer with a copy of the transfer tax form (Form 340) at closing.