Increases threshold from $1 million to $1.65 million for imposition of certain fees and taxes on certain real property transfers.

This bill increases the threshold for certain real estate transfer fees and taxes from $1 million to $1.65 million. It affects buyers of specific property types, including commercial properties (Class 4A), certain residential properties, and farm properties with residential use, when the purchase price exceeds the new threshold. The key mechanism is raising the $1 million threshold to $1.65 million for imposing a 1% fee on the transfer value, without changing the fee rate. This change would apply to new property transfers after the bill's effective date, reducing the number of transactions subject to this fee. The bill does not alter existing exemptions or other provisions of the current fee structure.