Globe article on Transfer fees

[Kathryn Roy]

Disappointing.

k

Kathryn Roy
617 548 9240 | Kat...@precisionthinking.com

[b...@metaprosystems.com]

In my opinion $1m is too low for the tax to kick it, that would affect the majority of sales in Lexington. If should be $2m and then tied to inflation.

 

Bob Avallone

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[Ruth Thomas]

Same opinion. Thank you for posting, Bob.

Ruth Thomas, TMM4

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[Jay Luker]

Does someone want to explain why a $1 million dollar home sale ought to be exempt from a tax to support affordable housing? The proportion of sales that it would impact in Lexington strikes me as immaterial.

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Jay Luker, pct 1

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[ricki...@gmail.com]

I agree with Jay. I will have to go back and see where our bylaw had the transfer fee kick in. That home rule petition is stuck in the Legislature. 

Ricki Pappo 

P2

Sent from my iPhone

On Jun 10, 2024, at 2:50 PM, Jay Luker <jay....@gmail.com> wrote:



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[Ricki Pappo]

Correction, our home rule was on linkage fees, not a transfer fee. Apologies for my quick response. 

Ricki

P2