Nantucket Transfer Tax
Nantucket (Nantucket Islands Land Bank) charges 2% of the purchase price on top of the Massachusetts state tax (0.456% of the purchase price). On a $645,400 home that is $15,851 in total. Nantucket's own 2% land bank fee, separate from and not the same as the Barnstable County Cape Cod & Islands Land Bank fee.
Nantucket (Nantucket Islands Land Bank) transfer tax by purchase price
| Purchase price | State tax | Nantucket (Nantucket Islands Land Bank) | Total |
|---|---|---|---|
| $150,000 | $684 | $3,000 | $3,684 |
| $200,000 | $912 | $4,000 | $4,912 |
| $250,000 | $1,140 | $5,000 | $6,140 |
| $300,000 | $1,368 | $6,000 | $7,368 |
| $350,000 | $1,596 | $7,000 | $8,596 |
| $400,000 | $1,824 | $8,000 | $9,824 |
| $450,000 | $2,052 | $9,000 | $11,052 |
| $500,000 | $2,280 | $10,000 | $12,280 |
| $600,000 | $2,736 | $12,000 | $14,736 |
| $700,000 | $3,192 | $14,000 | $17,192 |
| $800,000 | $3,648 | $16,000 | $19,648 |
| $1,000,000 | $4,560 | $20,000 | $24,560 |
Transfer tax calculator
Who pays
Buyer. Nantucket's own 2% land bank fee, separate from and not the same as the Barnstable County Cape Cod & Islands Land Bank fee.
Frequently asked questions
How much is the transfer tax in Nantucket (Nantucket Islands Land Bank)?
Nantucket (Nantucket Islands Land Bank) charges 2% of the purchase price, on top of the Massachusetts state tax, so a $645,400 home pays $15,851 in total ($2,943 state, $12,908 local).
Who pays the Nantucket (Nantucket Islands Land Bank) transfer tax?
Buyer. Nantucket's own 2% land bank fee, separate from and not the same as the Barnstable County Cape Cod & Islands Land Bank fee.
Sources
Rates as the statute or revenue department publishes them, checked 2026-09-22. Figures are computed from those rates and rounded to the dollar; exemptions for first-time buyers or principal residences are noted where they exist and are not applied. All sources.
Massachusetts transfer tax overview → All Massachusetts buyer closing costs →
Figures are computed from the statutes and ordinances cited above and rounded to the dollar. This is general information, not tax or legal advice.
Massachusetts transfer tax