New National Report Finds Real Estate Transfer Taxes Suppress Housing Supply, Harm Lower-Income Families, and Fail to Deliver on Promised Revenues
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.
