Missouri Voters say YES to AMENDMENT 3 on November 2, 2010...........

By
Real Estate Agent with Keller Williams Realty Chesterfield

Missouri Voters say YES to AMENDMENT 3 on November 2, 2010...........

 

It is no secret the economy is fragile. Unemployment and foreclosure rates are reaching all-time highs and government revenues are approaching all-time lows. As the great people of Missouri work harder than ever just to stay in their homes, the state government wants to make life even more difficult for it citizens by adding a real estate transfer tax.

Real estate transfer taxes are nothing more than double taxation. They are a one-time tax paid at the closing of a property and its effects will be felt by property owners for years to come. Real estate transfer taxes are often paid by the people who have lived in their home for years and have already paid thousands of dollars in annual property taxes.

Like a sales tax, a transfer tax would charge every seller a percentage of the total sale price. With banks demanding larger down payments, a transfer tax would make it more costly and much harder to buy a home, especially for first-time home buyers.

The Missouri government currently has the power to enact a transfer tax at anytime, but you have the power to prevent it by amending the state constitution and prohibiting the real estate transfer tax for good.

The Missouri Association of Realtors is sponsoring Amendment 3 in the upcoming election on November 2, 2010. A YES vote would change the Missouri constitution and prohibit the real estate transfer tax forever. We need to send a clear message that new taxes are not the answer.

Join us at the polls in support of Amendment 3. It's time to keep the American dream alive and vote YES to stop real estate transfer taxes.

To learn more, visit www.yestosavehomes.com or call (877) 710-8683(VOTE).

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Don Rogers is a licensed REALTOR® in Missouri.  I specialize in St. Charles County Missouri and have called O Fallon MO my home since 1993.  If you are looking to buy or sell or you are relocating to the area and would like information about the St Charles County MO area do not hesitate to give me a call at 314-954-6775 or if you would prefer to send me an email.

 

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Rainer
163,985
Matthew Johnson
Keller Williams Premier Realty - Woodbury, MN

The govt. will never cease to amaze me!

Oct 20, 2010 04:16 AM #1
Rainmaker
451,651
Brian Rugg
Rugg Realty LLC Sun City Texas 512-966-3200 - Georgetown, TX
Sun City TX Real Estate - Georgetown, TX Real Est

Hello Don:

Good luck on amendment #3 in Missouri.  We need these kind of initiatives to be successful.

Oct 20, 2010 04:22 AM #2
Rainmaker
631,147
Don Rogers
Keller Williams Realty Chesterfield - O'Fallon, MO
Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

Matthew and Brian,

We are 1 of only 13 states that does not have a transfer tax and hope to keep it that way.  Thanks for your support.

Oct 20, 2010 04:34 AM #3
Ambassador
1,439,216
Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

Don,

Welcome back. We have it here in Anne Arundel County, MD, and it's just another expense. Here, it's usually split between the seller and buyer.

Good luck voting it down.

Rich

Oct 20, 2010 05:57 AM #4
Rainmaker
3,980,941
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

We have it also and they are trying to raise it.

Good to see you back!

Oct 20, 2010 09:44 AM #5
Rainmaker
661,086
JL Boney, III
Coldwell Banker - Columbia, SC
Columbia, SC Real Estate

Good luck on your fight my friend, glad to see you wander back into the rain as well.

Oct 20, 2010 09:47 AM #6
Ambassador
1,726,157
Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional

Don...

They are trying to raise the transfer tax here in GA. Good for you for trying to stop it in MO!

Oct 21, 2010 03:37 PM #7
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Rainmaker
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Don Rogers

Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes
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