September 16, 2025 | Community Tax Coalition
A new study by the Sage Policy Group shows that real estate transfer taxes, one-time levies on property sales, cause serious unintended consequences in jurisdictions across the United States that have approved them. Instead of solving local budget issues, these taxes trap families in their homes, slow commercial development, and reduce housing construction, all while falling billions short of expected revenue.
Building Owners and Managers Association International – “Transfer taxes not only depress economic activity, but their bite also reduces property values, encourages vacant buildings, and reduces the economic activity of a town’s commercial zone. Instead, elected officials should work with owners to lower the barriers so investors, entrepreneurs, and others can invest in ideas that will bring economic activity and vitality to their downtown,” said Mary Lue Peck, President & Chief Operating Officer, BOMA International