On November 2, Missourians will have a very important issue to vote on. By voting Yes on Amendment 3, voters are telling our Missouri government that we don't want transfer taxes imposed when selling our homes.
Transfer taxes on home sales are double taxation because Missourians already pay annual property taxes on real estate, often over many decades of ownership. Missouri is among just 13 states that do not impose a transfer tax on real estate sales, including all of Missouri's neighboring states. As state, county and city revenues decline, politicians may be tempted to impose new transfer taxes - just as Missouri citizens are struggling to make it.
The 21,000-member Missouri Association of Realtors strongly supports Amendment 3.
The wording of Amendment 3 is straightforward and simple: "Shall the Missouri Constitution be amended to prevent the state, counties, and other political subdivisions from imposing any new tax, including a sales tax, on the sale or transfer of homes or any other real estate?"
Missourians need to be aware of the wording of the amendment so that they realize that a YES vote means they support the constitutional amendment to forever ban transfer taxes. While it can be confusing, it is important to remember that a Yes Vote Means NO to transfer taxes. Stop double taxation and protect our homes by voting YES!
Comments (2)Subscribe to CommentsComment