In New Hampshire, transfer taxes are paid by the seller at closing. The transfer tax rate is 0.75% of the sale price, which is paid entirely by the seller. For example, if the sale price is $200,000, the seller would pay $1,500 in transfer tax.
In addition to the state transfer tax, there may also be municipal transfer taxes imposed by the city or town where the property is located. Municipal transfer taxes can vary in rate from 0.25% to 0.5% of the sale price.
The seller is responsible for paying the transfer tax at closing. The tax is typically paid to the county clerk’s office where the property is located.
The transfer tax is a fee that is imposed by the government to help fund various services, such as schools, roads, and parks. The tax is also used to help maintain public records and to provide other services to homeowners.