The simple answer is no. There are two type of heat reistant tape on sale for sublimation purposes. These are often known as 'green' or 'brown' tape. The brown tape is preferable as it has a higher melting point and I find leaves no residue on mugs. The 'green' tape can melt slightly in a mug press and needs residue removing.
The 'brown' tape is so cheap it makes no sense to waste time with masking tape or 'green' variety.
So for example here is the 1st eBay supplier I found for the 'brown' polyamide heat tape
http://www.ebay.co.uk/itm/Heat-Resistan ... 1c297d8ac2 33m long roll of 5mm wide for £1.85 delivered. Probably even cheaper if you bought more or did a better search. You use approx 2 pieces of 2.5cms per mug to hold the paper - so at my calculation 1 roll should do in excess of 600 mugs!