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Vote "Yes" To Say "No"

By
Real Estate Agent with Realty One Group Mountain Desert AZDRE# SA582422000

Real estate transfer taxes are a fixture in some states and localities...and starting to rear their ugly head in Arizona, too.  This January, Tucson started charging a sales tax only on condo-conversions. 

A real estate transfer tax punishes homeowners who move from one house to the other, is biased against people with lower incomes, damages equity and creates double taxation.

The Arizona Association of REALTORS® is lobbying hard for an amendment to the state constitution to prevent these insidious taxes from being used anywhere in the state.

Support NO NEW HOME TAX by voting yes on the ballot measure.  For more information on how to protect your home and property from double taxation visit www.rallinow.com

          Kent Simpson
Kent Simpson REALTOR®, e-Certified®, AHS® (with The Pepper Group™ Diversified Real Estate): Real Estate Agent in Tucson, Pima County, Arizona web counter

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Comments(4)

John Ford
Security National Properties - Eureka, CA

I agree! Our state is trying to pass the same thing!!

May 13, 2008 04:46 PM
Kent Simpson
Realty One Group Mountain Desert - Tucson, AZ
Real Estate Is About People

Thanks for commenting, John - California has a long history of taxation, citizen revolt and sneaking in new taxes...but I guess it isn't that much different of a cycle than anywhere else!

May 13, 2008 05:26 PM
Liz Moras Migic
Chilliwack, BC
Chilliwack, British Columbia - Realtor

Thats what we have here.......Property Transfer tax of 1% on the first 200,000 and 2% above, each and every time a home owner purchases another home..........If new construction theres another 5%........hows them bananas?

May 13, 2008 06:33 PM
Kent Simpson
Realty One Group Mountain Desert - Tucson, AZ
Real Estate Is About People

Liz - how do the buyers deal with an extra 5%?  Is it possible to roll the transfer tax into the loan without much trouble?  Sounds like highway robbery to me!

May 14, 2008 04:52 AM