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The Affordable Housing Trust and Ipswich Housing Partnership each unanimously approved proposing a 2% local transfer fee on the portion of property sales above $1 million.
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The proposal would apply only to the sale amount above $1 million, not the full sale price. It is not yet in effect; the groups discussed preparing an annual town meeting article and supporting related state legislation. Members also discussed reviewing payment-in-lieu amounts and finding a designer or contractor to help estimate housing-related work.
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