Today, There are no property taxes on the sale of Phoenix AZ real estate and the towns that make up Maricopa County like Scottsdale, Mesa, Tempe and Peoria AZ.
However, the government could, in theory, vote to charge a such a tax.Protect your Phoenix AZ Home from Transfer Taxes -
I encourage you to support petitions or any proposed legislation that would ‘prohibits the government from charging any new tax on the sale or transfer of real property in Arizona“
As a result of a slow Phoenix AZ real estate market, this is not the time to have an open policy that could enact sales or transfer taxes on Phoenix AZ real estate.
Here’s why:
* A real estate transfer tax would prohibit sales by making the sale more costly.
* A real estate sales tax would reduce the net proceeds to a seller taking away equity
* People already pay real estate property taxes. Transfer taxes are a from of ‘double-taxation‘.
* Real estate transfer taxes unfairly burden lower-income families as they pay a higher percentage of income on their homes.
This past election saw the voting down of a bill that could enact potential legislation.
Lets stay strong in this tough market and prevent any possible proposed legislation in the future.
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