Legislature takes testimony on levying real estate transfer taxes
Ten communities across Massachusetts are proposing a transfer tax be implemented to help combat the housing crisis.
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Ten communities across Massachusetts are proposing a transfer tax be implemented to help combat the housing crisis.
Boston is taking another crack at trying to impose a 2% tax on big-ticket real estate transactions, which officials say is a necessary step to fund affordable housing development, but the proposal continues to face resistance from industry groups.
Dozens of Massachusetts lawmakers, municipal representatives and residents at the state house Wednesday urged the state’s Joint Committee on Revenue to approve legislation concerning local option real estate transfer fees to help alleviate the impacts of the state-wide housing crisis. At least ten towns across the commonwealth have already submitted home-rule petitions seeking authorization to […]
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