Upon original registration, there shall be paid to the recorder one tenth of one per cent of the assessed value of the land, on the basis of the last assessment for municipal taxation, or, in case of the registration of an easement or right, one tenth of one per cent of the value thereof as found by the court, as an assurance fund.
Mass. Gen. Laws ch. 185, § 99
Assurance fund; payment; amount
Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.