Thinking of selling next spring?
Consider this....The Northern Virginia Transportation Authority has voted to increase the residential Grantor’s Tax. Effective January 1, 2008, the Grantor’s Tax rate will increase to $5 per $1000 - a 400% increase from the current $1 per $1000 of sales price.
Selling a $500,000 home? Selling a $1,000,000 home?
This year 2007 = $500 $1,000
Next year 2008 = $2,500 $5,000
Sell NOW and save.
The Grantor’s tax is normally a closing cost paid by the seller. It can be paid by anyone. Are you paying to much?
Contact me for the absolute best representation available!
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana
It;s so nice when the legislators think everyone has too much money on their hands.
Nov 29, 2007 07:31 AM
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