Bristol County MA Commissioners Sue Fannie, Freddie for Tax Payments

Bristol County Commissioners sue for tax payments

TAUNTON — The Bristol County Commissioners have sued in federal court to recover deed excise taxes they claim are owed by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

Deed excise taxes of $4.56 per $1,000 are owed when a new deed is recorded with the county. Fannie Mae and Freddie Mac long have claimed they are exempt from these taxes, but a recent federal court ruling in Michigan found this exemption invalid, according to a news release from the county commissioners.

They said in the release that they are seeking a similar ruling from the federal court in Massachusetts. The Michigan court held that Fannie Mae and Freddie Mac “are unambiguously liable for the(se) taxes.”

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