should be nothing unless it’s a mobile home and thats bought like a car so there’d be a tax charge ~ are you sure you arent’ referring to a mortgage deed tax? that varies state to state – in MN it’s $2.40 – $3.40 per $1000 you spend on the home & gets paid at closing References :
As both said, sales tax only applies if you are buying a mobile home on leased land.
In real estate, there is a tax called "Excise Tax", but that is a seller’s closing cost, not a buyer’s. In Washington, the rate is 1.78% of the sale price, but again, it is paid by the seller not a buyer.
The only sales tax you will incur on on the services on your settlement statement, like sales tax on the title insurance policy. References :
April 10th, 2010 at 11:01 pm
should be nothing unless it’s a mobile home and thats bought like a car so there’d be a tax charge ~ are you sure you arent’ referring to a mortgage deed tax? that varies state to state – in MN it’s $2.40 – $3.40 per $1000 you spend on the home & gets paid at closing
References :
April 10th, 2010 at 11:14 pm
Sales tax does not apply to real estate.
References :
April 10th, 2010 at 11:29 pm
As both said, sales tax only applies if you are buying a mobile home on leased land.
In real estate, there is a tax called "Excise Tax", but that is a seller’s closing cost, not a buyer’s. In Washington, the rate is 1.78% of the sale price, but again, it is paid by the seller not a buyer.
The only sales tax you will incur on on the services on your settlement statement, like sales tax on the title insurance policy.
References :