The Rudder Restaurant posted Amid housing crunch, city officials propose new real estate taxes on ‘flipping’ and sales over $2 million - The Boston Globe The Rudder Restaurant Gloucester, MA:

Amid housing crunch, city officials propose new real estate taxes on ‘flipping’ and sales over $2 million

The proposal would set a tax of up to 6 percent on many commercial and residential sales over $2 million, and establish a “flipping” tax of up to 25 percent on some properties that are sold twice within two years.

Amid housing crunch, city officials propose new real estate taxes on ‘flipping’ and sales over $2 million
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