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Revenue Stamps
Revenue stamps refer to stamps that are affixed to property deeds as well as other real estate related documentation to serve as an indication (or evidence) of payment of required taxes regarding deed transfers.
This is basically a stamp, usually red in color, that is placed on documents to verify that appropriate taxes have been paid.
Federal revenue stamps have been used until 1968, when it was abolished.
Individual states now institute their own forms for revenue stamps for the required legal work regarding deeds.
In some places, this can be also called stamp duties.
The presence of these stamps on real estate documentation can sometimes be a requirement for some types of deals to proceed.
This is usually when one party needs to ascertain that things are all well and proper.
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