Study: Transfer Fee for Islands Would Raise $13M Annually
Local officials have repeatedly sought a new transfer fee on real estate transactions on Nantucket and Martha’s Vineyard to fund new housing for the islands’ shrinking middle class.
Real Estate Groups, Chambers of Commerce Urge Senate to Skip Transfer Taxes
The top banking and real estate groups in Massachusetts have teamed up with a pair of business groups to plead with state senators to pass on proposed new real estate transfer taxes.
Transfer Tax Would Make Small Dent in Housing Needs
A proposed tax on high-value real estate transactions to pay for affordable housing would add an estimated 3,210 affordable homes in Massachusetts over five years, according to the governor’s administration – a drop in the bucket of the state’s 200,000 housing unit shortage.
To Get Transfer Taxes Passed, Try Compromising
It likely feels like “Groundhog Day” for the coalition seeking a transfer tax on higher-end sales after running into a brick wall in the House of Representatives.
Will Transfer Tax Be Healey’s Million-Dollar Whiff?
Million-dollar home sales just aren’t what they used to be in Greater Boston. And that’s a major problem for Gov. Maura Healey as she forges ahead with her proposal for a local-option tax on expensive home sales.
Group Blasts Baker’s Real Estate Transfer Fee Hike
An anti-tax group lashed out at Gov. Charlie Baker on Tuesday, calling the Republican governor “a disappointment” after he rolled out a plan last week to generate about $1 billion over the next decade by hiking the excise tax paid on real estate transfers.
Oh, Those Courageous Councilors!
Our elected leaders are wary of confronting this ingrained NIMBY sentiment that stifles new housing construction and keeps prices trending ever upwards.
Cambridge Banks Real Estate Transfer Fees
The Cambridge City Council has backed a proposal to institute a real estate transfer fee on property worth more than $2 million, and direct the resulting proceeds towards affordable housing initiatives.
