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What is mansion tax?

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Mariah Guest 0.10 Dollars($)	Posted: Tue Nov 15, 2005 1:10 am    Post subject: What is mansion tax? Can you give me a fair idea on what is mansion tax?
Samantha Community Mentor Joined: 16 Sep 2005 Posts: 1532 Location: MASSACHUSETTS 135.74 Dollars($)	Posted: Tue Nov 15, 2005 1:30 am    Post subject: RE: Hi Mariah, Welcome to MortgageFit Forums. It is a type of tax charged by some state or local government at the time of transfer of property title from one owner to another. Prticularly for the properties who have high market value. This is an unavoidable tax. God Bless You. Thanks, Samantha _________________ Know how to compare lenders with mortgage booklet
Mariah Guest 0.10 Dollars($)	Posted: Tue Nov 15, 2005 1:47 am    Post subject: Thanks for your valued and prompt reply. Actually i am in between of a real estate transaction and i really wanted to know about this. thanks once again. Mariah

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