A proposed surcharge on million-dollar property sales is gaining traction in Yarmouth, Massachusetts, as discussions unfold in the latest Planning Board meeting. The idea, likened to a millionaire's tax, aims to impose an additional tax on properties sold for over one million dollars. This initiative was highlighted during a recent conference attended by local officials, where the Secretary of Housing and Livable Communities emphasized the need for updated regulations in response to community feedback.

The Planning Board members acknowledged the extensive work done on Accessory Dwelling Unit (ADU) zoning, which took nearly two years to finalize. They expressed a desire to maintain ongoing discussions about housing regulations, suggesting that regular check-ins could help keep the community informed and engaged.

While the proposed tax on high-value property sales is still in its early stages, it reflects a growing interest in addressing housing affordability and funding community initiatives. The board's commitment to continuous dialogue indicates that Yarmouth is actively seeking solutions to its housing challenges, with the potential for significant implications for local residents and the real estate market.