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City of Aspen Real Estate Transfer Tax Ordinance

City Of Aspen   
Urban | Suburban |
The city of Aspen imposed a real estate transfer tax and designated the funds to be used to purchase land and buildings to create affordable housing and preserve open space. The law also empowers the City Council to borrow money or issue bonds in order to do the same, provided that the funds from the real estate transfer tax are to be used to repay these debts.