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Delegates review draft transfer-fee framework; committee urges town consultations and more analysis
Summary
The Economic Affairs Committee presented a draft transfer-fee framework that would allow towns to voluntarily adopt a real-estate transfer fee, with most revenue returning to the towns and the registry of deeds collecting the fee.
The Assembly of Delegates heard a report from the Economic Affairs Committee on a draft transfer-fee framework intended to support attainable housing across Cape Cod.
Delegate Harder, chair of the committee, summarized work to date: the framework outlines a home-rule petition that would allow towns to voluntarily adopt a real-estate transfer fee, with the registry of deeds collecting the fee and "nearly all" revenue returned to the adopting towns. The draft reserves up to 10% of total proceeds for administrative…
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