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Bill

H 4350

An Act authorizing the town of Brookline to levy a real estate transfer fee on certain real property transfers

194th Legislature (2025-2026) Introduced by Cynthia Creem and 1 co-sponsor

Brookline gains authority to tax property transfers to generate local revenue, potentially affecting housing affordability and real estate market competitiveness in the region.

Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling
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Bill Summary · H 4350

Legislative bill overview

H 4350 authorizes the town of Brookline, Massachusetts to impose a real estate transfer fee on property sales above a certain threshold. This would be a local tax mechanism allowing Brookline to generate revenue from residential and commercial property transactions. The bill has advanced through the Senate and is now in the Revenue Committee.

Why is this important

Real estate transfer fees directly affect housing affordability and market dynamics in an already expensive housing market. Brookline is one of Massachusetts' most costly towns, and this fee could either fund local services and affordable housing initiatives or potentially inflate housing costs further. The revenue generated and its intended use will shape the town's fiscal capacity and housing accessibility.

Potential points of contention

  • Housing affordability impact: Transfer fees are typically passed to buyers through higher prices, potentially pricing out first-time homebuyers and exacerbating Massachusetts' housing crisis
  • Economic competitiveness: Neighboring communities without such fees may attract buyers and sellers, potentially depressing Brookline's real estate market relative to surrounding areas
  • Revenue sufficiency and use: Unclear what revenue targets exist, what projects will be funded, and whether the fee is a permanent revenue source or addresses a specific fiscal problem
  • Exemptions and fairness: The bill's specifics on which transfers are covered, exemptions for primary residences or affordable units, and whether commercial and residential properties are treated equally remain unspecified in available information

Compiled from official sources — confirm details with the bill’s official record.

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