Mayor Marty Walsh said Monday that after months of working with the City Council, he signed a home rule petition that would give Boston the ability to implement a transfer fee of up to two percent on the purchase price of any private real estate sale over $2 million. Read the US News Report here.
If approved, the cost of the fee would be split between the purchaser and seller. The funding generated would go to the Neighborhood Housing Trust Fund or would be appropriated through the annual budget process to support the creation and preservation of affordable housing in the city.
Currently Sellers pay for a mandatory real estate tax stamps at the rate of $4.56 per thousand for all Massachusetts sales with a few counties charging more.
My estimations show that in 2019 with 80,000+ sales in MA this year (not including auction or non-mls) with a volume of $41,581,812,351…Wouldn’t that be $189 million paid in tax stamps in 2019? Where does that money go?
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Born and raised in Ipswich, Tracey can appreciate the beauty of the North Shore and all it has to offer. Keeping her thumb on the pulse of Ipswich through work and play has kept her close to home and tied to the community. Once employed by Hills Family Store, The Clam Box, Agawam Diner and lifeguarding at Pavilion Beach, you could say Tracey has the local landmarks covered! She also has a unique insight into the Ipswich school system as a volunteer and substitute teacher. Also, her humor and wit will undoubtedly make your buying and selling experience with her unforgettable!
Together with the North Shore Association of REALTORS® and this amazing community project, team Windhill pitched in and built a bed for a child. The recipient was an 11 year old girl from Swampscott and she will receive not only the bed frame, but a mattress and bedding set! It was an amazing experience to participate in something so basic yet so profound. 
