What is the Real Estate Transfer Tax in New Hampshire?

The Real Estate Transfer Tax in New Hampshire is a tax imposed on the transfer of real estate property. This tax is calculated based on the sales price of the property being sold or transferred. Generally, the rate is set at a specific percentage of the property's sale price, with both the buyer and seller responsible for paying half of the total tax amount. For instance, in New Hampshire, the rate is typically established at one and a half percent of the sale price, which means if a property sells for one hundred thousand dollars, the total transfer tax would amount to one thousand five hundred dollars. It is important to note that the transfer tax is usually paid at the time the deed is recorded at the local registry of deeds. Additionally, different municipalities may have their own specific rules and regulations regarding the Real Estate Transfer Tax. Thus, it may be beneficial to review more detailed information directly from the relevant authorities. For the most accurate and current information, one can visit the official New Hampshire Department of Revenue Administration website, where updated resources and contact information can be found.