Bill > H2801

This bill establishes a real estate transfer fee for property transfers in the town of Arlington, Massachusetts. The fee would be between 0.05% and 2% of the transfer price, paid by the buyer, seller, or both, as determined by the town. The fee would apply to transfers above a threshold price set by the town meeting, between 50% and 150% of the state median single-family home sale price. The fee revenue would be deposited into the Arlington Affordable Housing Trust Fund to finance affordable housing and related costs. The bill outlines several exemptions, such as for transfers below the threshold price, transfers between certain family members, and transfers to charitable organizations for affordable housing purposes. The town is authorized to adopt additional requirements, exemptions, and regulations to implement and enforce the fee.

Budget and Finance

https://malegislature.gov/Bills/193/H2801