MA H4577

Authorizes Provincetown to impose a 0.5% fee on the purchase price of all real property transfers, with the purchaser responsible for payment

First $250,000 collected each fiscal year goes to the town's capital improvement stabilization fund, with remaining revenue deposited into the general fund

Exempts first-time homebuyers who live in the home for at least 5 years, though a lien for the exempted amount runs with the property until conditions are met

Exempts transfers to government entities, charitable/religious organizations, family members, and transfers under $100 for name changes or trust modifications

Unpaid fees accrue interest at the same rate as unpaid real estate taxes and constitute a personal debt recoverable through contract action