Sponsor Summary Authorizes the town of Provincetown to impose a real estate transfer fee equal to 0.5% to be paid by the purchaser on the sale of all real property, with first $250,000 collected in each fiscal year deposited in the capital improvement stabilization fund, and the remainder in the town?s general fund; exempts certain transfers, as described, from the real estate transfer fee; requires the fee to be paid at the time of transfer and the buyer shall pay interest on any unpaid amount of the
Sponsor Summary Authorizes the town of Provincetown to impose a real estate transfer fee equal to 0.5% to be paid by the purchaser on the sale of all real property, with first $250,000 collected in each fiscal year deposited in the capital improvement stabilization fund, and the remainder in the town?s general fund; exempts certain transfers, as described, from the real estate transfer fee; requires the fee to be paid at the time of transfer and the buyer shall pay interest on any unpaid amount of the