Insight
A legislative proposal on Cape Cod suggests a tax on vacation homes valued at $1 million or more.
Cape Cod lawmaker proposes taxing million-dollar vacation homes to support year-round residents
Summary
A Cape Cod lawmaker proposes a new tax on vacation homes valued at $1 million or more. The aim is to generate funds to support year-round residents, potentially impacting the affordability and landscape of the STR market in the region.
Key takeaway