Q: "What are real estate stamps and why do I have to pay them?"
A: Stamps are the taxes a seller pays when selling their home. The current rate in Barnstable County, Massachusetts is $5.70 per thousand dollars. If you sell a home for $600,000, your tax would be 600*$5.70, or $3420.00. The county uses the revenue generated from the tax stamp for human needs and social services for towns in that county.
This tax is a law and must be paid at registry of deed before a sale is recorded.
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