Word: taxingly
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Dates: during 1990-1999
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Different versions of the tax are being considered, including a 1 percent tax on all property sales, or a 1.5 percent tax on sales over $300,000, Councillor Henrietta A. Davis said in an interview. The transfer tax will be used to fund a bond issue to assist displaced tenants...
...council's housing committee will meet on Friday to try to agree on a single version of the tax to present to the council...
...tremendous number of families that just can't afford to live here," said William F. Luther, an agent at Channing Real Estate. "The tax is another burden that is going to have to be borne by someone." He said Cambridge has a large number of properties worth more than...
Councillor Timothy J. Toomey, who proposed a version of the transfer tax at the meeting, said he did not think that it would hurt Cambridge's residential market...
...someone can afford a $500,000 home, then they can afford the extra percentage added by the tax," he said...