An Act authorizing the town of Eastham to impose a 3% real estate transfer fee

This bill authorizes the Town of Eastham to charge a 3% fee on real estate transfers exceeding $1, paid by the buyer at closing. The fee funds Eastham's Affordable Housing Trust Fund or Wastewater Stabilization Fund, as determined by the Select Board. Exemptions include first-time homebuyers (who must live in the home for 5 years), government transfers, family transfers, and certain charitable or affordable housing transactions. The fee is a personal debt of the buyer, with interest accruing on unpaid amounts at the same rate as real estate taxes.