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Bill

H 4300

An Act establishing a real property transfer fee in the town of Chatham

194th Legislature (2025-2026) Introduced by Hadley Luddy

Chatham establishes local real estate transfer tax to generate municipal revenue, potentially affecting housing costs and market activity in the town.

Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling
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Bill Summary · H 4300

Legislative bill overview

H 4300 establishes a local real property transfer fee in the town of Chatham, Massachusetts, allowing the municipality to levy a tax on the sale of real estate within its jurisdiction. The bill has passed the Senate and is currently under review by the Revenue Committee. A public hearing is scheduled for September 9, 2025.

Why is this important

Real property transfer fees generate local revenue without raising property taxes, potentially funding municipal services, affordable housing, or infrastructure. However, such fees can impact housing affordability and real estate market activity in the town, affecting both residents selling property and prospective buyers.

Potential points of contention

  • Impact on housing affordability: Transfer fees increase the closing costs for home buyers, potentially pricing out some residents and affecting market demand
  • Fairness and burden: The fee targets only those buying/selling property, while non-transacting residents avoid the cost, raising equity questions about who bears the tax burden
  • Economic effects: Higher transaction costs may reduce real estate sales volume and affect local real estate agents, title companies, and related businesses
  • Revenue uncertainty: Fluctuating real estate markets make fee-based revenue unpredictable for municipal budgeting

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

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