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This will be transformative for affordable housing : States say if you can buy mansion, you can pay affordable housing tax

This will be transformative for affordable housing : States say if you can buy mansion, you can pay affordable housing tax
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New yorkUnited statesRhode islandUnited kingdomNew jerseyMike connollyJo comerfordSanchez molinaApril bergCharlie bakerJared walczakMaura healeyJose sanchez molinaAndrew boardmanHouse finance committeeManagers association of chicago

More governments eye mansion tax to fund affordability – Orange County Register

Governments are increasingly looking to create a “mansion tax” targeting the higher ends of the market.

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If you can buy a mansion, you can pay a tax for affordable housing, these states say – Hartford Courant

If you can buy a mansion, you can pay a tax for affordable housing, these states say – Hartford Courant
courant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courant.com Daily Mail and Mail on Sunday newspapers.

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If you can buy a mansion, you can pay a tax for affordable housing, these states say

Real estate transfer taxes have been a fixture of many state tax codes for decades. But governments are increasingly looking to create a “mansion tax” targeting the higher ends of the market.

United statesNew jerseyRhode islandUnited kingdomNew yorkApril bergJose sanchez molinaSanchez molinaCharlie bakerJohanna gilliganJared walczakMaura healeyLos angelesAndrew boardmanDonna reynoldsMike connolly

If you can buy a mansion, you can pay a tax for affordable housing, these states say

But developers argue the taxes will drive up the cost of housing since they generally apply to apartment buildings too.

United kingdomUnited statesJared walczakJohanna gilliganSanchez molinaMaura healeyApril bergMike connollyJo comerfordCharlie bakerAndrew boardmanLos angelesDonna reynoldsJose sanchez molinaTax foundationHouse finance committee