An Act authorizing the town of Provincetown to impose a 0.5% real estate transfer fee

Summary

The bill creates a 0.5% fee on the purchase price of any real‑estate transaction in Provincetown, payable by the buyer. Certain transfers—such as first‑time home purchases held five years, government or charitable transfers, low‑value convenience transfers, and family transfers—are exempt. Collected fees go first to a capital‑improvement fund, then to the town’s general fund.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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