A LANDSLIDE VICTORY FOR MISSOURI! 84% Voted to Prevent a Transfer Tax!

By
Real Estate Agent with Haggerty Team St. Louis, Mo.

There never has been a transfer or "sales" tax on the sales of homes in Missouri and on Tuesday the voters were given the opportunity to decide!  Those who voted were loud and clear---84% said YES to NO new taxes!  It is already a tough market to get your home sold and the last thing we needed was a tax that either the seller or indirectly the buyer would have to pay.  I was amazed to discover that the majority of states already have this tax!

Currently, 37 states and the District of Columbia impose transfer taxes or their equivalents, while Missouri is among 13 states that do not impose such taxes. All of Missouri’s neighboring states impose some tax on real estate transactions.  I have been a life-long resident of the SHOW-ME state and have never been more proud, I expected this amendment to pass but not by such a huge margin!  It really shows how fed-up people are with the various goverments reaching into our pockets!  Many thanks to all who voted, the 21,000 Realtors who got the word out, the Missouri Association of Realtors and especially the Yes to stop Double Taxation group!

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Rainer
43,522
Richard Willard
Asset Realty Group - Bellevue, WA
Richard Delane Willard

Here in King County of Washington State, we have a 1.78% excise tax on the sale of property.  Our government is still broke and no new taxes--same voter outcome here!

Nov 03, 2010 07:32 PM #1
Rainmaker
446,516
Bill Dean
Haggerty Team St. Louis, Mo. - Fenton, MO
William Dean - Broker, Salesperson

Richard,

Thanks for commenting, Missouri is usually NOT on the cutting edge, maybe more states voters will pick up on this in the next election.  It really is Double Taxation.

Nov 04, 2010 06:40 PM #2
Rainmaker
552,846
Barb Szabo, CRS
RE/MAX Trinity Brecksville Ohio - Cleveland, OH
E-pro Realtor, Cleveland Ohio Homes

Our state transfer tax is $4.00 per thousand and is a seller fee and that can add up!

Nov 05, 2010 01:17 AM #3
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Rainmaker
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Bill Dean

William Dean - Broker, Salesperson
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