An Act authorizing the city of Cambridge to impose a real estate transfer fee

HD 4101 imposes a 2% real estate transfer fee on property sales in Cambridge exceeding $1 million (adjusted annually using the Consumer Price Index for Boston-area urban consumers). The fee applies to sellers of high-value properties, including controlling interests in entities holding Cambridge real estate, and is paid at the time of property recording. Revenue collected flows directly into the Cambridge Affordable Housing Trust Fund to support affordable housing initiatives. Exemptions include transfers involving government entities, properties with long-term affordable housing restrictions, and certain non-monetary transfers.