state_legiscan_drain · MA
Establishing a real estate transfer fee upon the transfer of residential property in the Town of Falmouth for the purpose of funding affordable housing
March 20, 2025
Summary
If enacted, this bill would authorize the town of Falmouth to impose a real estate transfer fee on residential property transactions, with revenue dedicated to affordable housing. The fee would apply to buyers or sellers at the time of transfer, subject to local approval. Lenders and servicers may need to adjust closing procedures, but the primary impact is on property owners and municipal housing programs.
AI-generated summary · Jul 12, 2026. Verify with your compliance counsel before acting.
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Source: https://malegislature.gov/Bills/194/H3931
Common questions
- What does "Establishing a real estate transfer fee upon the transfer of residential property in the Town of Falmouth for the purpose of funding affordable housing" cover?
- If enacted, this bill would authorize the town of Falmouth to impose a real estate transfer fee on residential property transactions, with revenue…
- When was it published?
- It was published on March 20, 2025.