This November there's going to be a Citizens Initiative on the ballot that will directly affect your pocketbook.  This initiative is Article 9, Section 24 - and will prohibit new taxes on the transfer or sale of your home, land, or business.  Typically, once these Transfer Taxes are initiated, the rate can be increased by the state, county or city at will.  This act that we're all voting on will once and for all eliminate the idea that such a tax can be enacted. 

 This transfer tax that the measure opposes will be anywhere from 1% to 4% of your home's value... so if you're selling your $500k home, then you'll pay anywhere from 5k up to 20k in additional government taxes upon the sale.  If youre against this "Double Taxation" then vote YES this November to protect your home's equity.  This constitutional amendment will make it almost impossible for the government to reach into your home's value... if you vote YES on Article 9, Section 24 in November 2008!!! 

 I'll write more on this when we get closer to election day....

www.SedonaHomesandLand.com

 

 
This post has been included in Arizona Information Yavapai County, AZ Information Sedona, AZ Information
Post is included in group: Realtors®

1 Comments on Important information for Sedona area homeowners

AUG
06
Good morning. Be sincere; be brief; be seated. I am from Palau and also now teach English, give please true I wrote the following sentence: "Other applicants get cash advances in order to pay off unexpected bills or to splurge while on vacation." With respect :-), Susie.
Susie
4:11am • #1

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Rick Wesselhoff

Sedona, AZ

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Coldwell Banker First Affiliate

Office Phone: (928) 340-5012

Cell Phone: (928) 301-2622

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This is meant to educate Sedona buyers and sellers so that they can make intelligent decisions. Written in a relaxed style, it's upfront and honest about the Sedona Real Estate Market.


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