Facebook and Constituational Amendments are Both Frustrating! Why I am Voting YES for Amendment #1 Louisiana to Stay Tax Free

By
Real Estate Agent with Marilyn Boudreaux, Century 21 Mike D. Bono & Co.'s 0912122870 LA

I recently wrote a blog addresses technology changes and The new Facebook changes were launched the week of September 22nd.   Change can be  quite frustrating and Facebook subscribers are still trying to figure out and  understand where the newsfeed was on their Facebook page.  Facebook has been the discussion for the last week.

However, there have also been newsworthy discussions and candidate interviews that Lake Charles LA residents need to be aware of.

Voters will head to the polls on November 18th and when you are trying to understand Constitutional Amendments the language can be hard to understand.   Trying to understand what a No vs Yes vote means can be complicated.

So let me make it easy for Louisiana residents to understand Amendment #1. 

400 x 160 JPEG

 

A YES VOTE MEANS NO!

 

Amendment #1  will be on the November 19th ballot and is an amendment to prohibit any new real estate transfer taxes in the state of Louisiana.  Louisiana does not currently have any transfer tax in place for real estate.  Unlike other states, when a property is sold in Louisiana there are no extra  transfer taxes charged to either the buyer or the seller.  Most homeowners in Louisiana already pay property taxes. Transfer taxes are simply another tax on the same piece of property.

 

Louisiana is one of only 13 remaining states without a real estate transfer tax.  We want to maintain this advantage over  other states with real estate transfer taxes, especially since the adjacent states of Texas and Mississippi do not have real estate transfer taxes either. 

 

 By remaining tax free, we help ensure the health of our residential and commercial real estate markets by making sure this kind of tax is not imposed in the future.

 

  • Amendment #1 will prevent the state, or any parish or municipality, from imposing any new tax on the sale or transfer of homes or commercial property. These kinds of taxes are known as real estate transfer taxes.
  • Real estate transfer taxes are double taxation.

 

 

 

 A vote FOR Amendment #1 on November 19 will…

 

 Protect your home from double taxation.   Keep Louisiana free from additional taxes, especially those that unfairly target homeowners and homebuyer

 

To better understand the impact of how a  real estate transfer tax could impact Lake Charles homeowners I have included an example of  transfer tax on a  $250,000 home :

 

 Property price $250,000

 

Local Transfer Tax Rate .47%

 

State Transfer Rate 1.5%

 

Combined Tax Rate 1.97%

 

YOUR TRANSFER TAX AMOUNT WOULD BE $4,925.00

 

REASONS WHY I SUPPORT AMENDMENT #1 TO REMAIN TAX FREE

 

  • Additional tax of any kind in a real estate transaction would  inhibit the buying and selling of real estate. No one  will escape the impact – buyers, sellers, agents, brokers, other real estate related industries
  • A real estate transfer tax would make it more costly and harder for people to buy or sell a home.A home is often the largest asset a person has. Real estate transfer taxes place a big burden on homeowners who work hard to build up equity, only to see some of that equity go to government when they sell their property.

 

On November 19th, Protect Louisiana Homes from Transfer Taxes VOTE YES (which means NO TRANSFER TAX!)

 

 For more information  on Amendment #1 visit Staytaxfree.com

 

 

 

 

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For more information on Lake Charles Real Estate, visit my website.  You can search homes for sale in Lake Charles, Louisiana,  and view up to date information on Lake Charles Subdivisions, Neighborhoods

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If you are planning a move to or from the Lake Charles, LA area, I can help!   I am a full time Realtor licensed by the Louisiana Real Estate Commission and am affiliated with:


Century 21 Mike D. Bono & Co.'s

4410 Nelson Road, Lake Charles, LA, 70605 USA

337-478-1578 or 337-499-9592

CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC. An Equal Opportunity Company. Equal housing Opportunity. Each office is independently owned and operated.  The information contained in this blog is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the author of this blog, and its comments are not warranted or implied representation of it's accuracy,  All information is copywritten and the property of the Author, Marilyn Boudreaux.  

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Rebecca Melancon 09/30/2011 09:36 AM
Topic:
Real Estate General Information
Location:
Louisiana Calcasieu Parish Lake Charles
Groups:
Louisiana Real Estate
Louisiana Lagniappe
Tags:
real estate transfer tax
louisiana stay tax free
vote november 19

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Rainmaker
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Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I hope you are successful in this endeavor. New taxes means the government is spending to much.

Sep 30, 2011 03:31 AM #1
Rainmaker
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Dave Roberts
Healdsburg Sotheby's International Realty - Healdsburg, CA

I don't think a modest transfer tax to cover administrative costs for the local jurisdiction is a bad idea, but getting over 1% could be quite onerous. Jurisdictions in my area usually havea transfer tax of 55 cents per thousand dollars of sales price which would be $125 on that $250,000 sale. Somebody has to pay to update the county records and it might as well be the sellers and buyers that are involved; not the general public.

 

Sep 30, 2011 03:40 AM #2
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Marilyn Boudreaux
Marilyn Boudreaux, Century 21 Mike D. Bono & Co.'s - Lake Charles, LA
Lake Charles LA Century 21 Realtor

Dave I have to disagree with you on any transfer tax.  Having sold real estate in Florida where there is a doc stamp tax on transactions, it drives the cost of a purchase up for both a buyer and seller.  In my market most buyers struggle as it is to come up with closing costs.  I am against an extra tax we are taxed enough, and we want to stay tax free to stay competitive with our neighborhing states of Texas and Mississippi

Oct 01, 2011 05:41 AM #3
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Fred Griffin
Frederick Griffin, Exclusive Buyer's Broker - Tallahassee, FL
Licensed Florida Real Estate Broker

Government on every level - Federal, State, and Local - is an out of control Glutton that Americans can no longer afford to Feed.

    Defeat the Tax, Citizens of Louisiana!  

Oct 01, 2011 05:03 PM #4
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