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Update #2 To Grantor's Tax

By
Real Estate Agent with Market Advantage Real Estate

During my closing/settlement today, I spoke with the settlement attorney regarding the Grantor's Tax. He told me that the clerks of all the local courts in Northern Virginia said that sellers are still required to pay the new Grantor's Tax because the courts have not been told otherwise by the Virginia Attorney General. Once they hear from the Attorney General, they will let everyone know.

So if you're settling in the near future, be prepared to pay the higher Grantor's Tax, but keep an eye out for what happens over the next few weeks.

I'll keep you posted on the situation over at www.LoudounStats.com.

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