Documentary Stamp Tax

(Effective July 1, 2005, LB 40)

Documentary Stamp Tax on deeds: $2.25 per thousand dollars of actual purchase price on transactions which are not exempt under state statute.  If the property transfers for nominal consideration, documentary stamp tax will be due on the assessed value.

Real Estate Transfer Statement (Form 521) is available at https://revenue.nebraska.gov/sites/default/files/doc/pad/forms/521_Real_Estate_Transfer_Statement.pdf as a fillable form. These are required with every deed or document transferring ownership.

A list of exemptions (under #25) is available at https://revenue.nebraska.gov/sites/default/files/doc/tax-forms/doc_exmpt.pdf

Register of Deeds WILL NOT accept a deed for recording unless items 1 through 27 are properly completed and a Real Estate Transfer Statement, Form 521 is signed. Please follow the “Instructions” on back of Form 521 for specific instructions per item number.