What is the Real Estate Transfer Tax in New Hampshire?
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The Real Estate Transfer Tax in New Hampshire is a tax imposed on the sale or transfer of real property within the state. The tax rate is $0.75 per $100 of the full sales price, with an additional $0.75 per $100 of the full sales price for municipalities that have adopted a local option. This tax is typically paid by the seller at the closing of the real estate transaction. However, in certain situations, the buyer may be responsible for paying the tax. The Real Estate Transfer Tax helps to generate revenue for the state and local governments. It is important for buyers and sellers to be aware of this tax and consult with their real estate professionals for more information and specific calculations.
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