Re: Back to School is Soon

By
Real Estate Agent with Keller Williams Realty - Topsfield, MA 92593-B

Can you believe it, School begins in a month or so? Which, means the Fall Real Estate market is coming up and sellers should prepare now. The markets have been good so far, although sales & inventory are beginning to fall. On the plus side median prices are up because the higher end homes are selling again.

BUT, that's not the purpose of this blog post. 

Many states, who charge a sales tax,  have sales tax holidays in August to encourage back to school retail sales. There are limitations though. You can't purchase a vehicle and escape the sale tax, for example. Each state has their list of exemptions. I've posted a list for the 2014 August sales tax holidays derived from the Federal Tax Administrators website [taxadmin.org]

I did notice that Massachusetts was not included. Apparently there is legislation still waiting to be voted on then sent to the governor for his signature. The dates being discussed are August 16 & 17. You can read the article at MA Sales Tax Holiday The list below covers other states AND, of course many people living close to sales tax free states do tend to shop there. I believe these sales tax holidays are good for states to keep people from fleeing to the other tax free states to do their shopping. I'd like to see the elimination of sales tax all together BUT at least on vehicle sales.

 

State

Date 

Items Included/Maximum Cost

Georgia

August 1-2

Clothing - $100
School supplies - $20
Computers - $1,000

Iowa

August 1-2

Clothing - $100

Louisiana

August 1-2

All tangible personal property - $2,500

Alabama

August 1-3

Clothing - $100
Computers - $750
School supplies - $50
Books - $30

Florida

August 1-3

Clothing - $100
School supplies - $15 (per item)
Computers - $750 

Missouri

August 1-3

Clothing - $100
Computers - $3,500
School supplies - $50

New Mexico

August 1-3

Clothing - $100
Computers - $1,000
Computer equipment - $500
School supplies - $30

Oklahoma

August 1-3

Clothing - $100

South Carolina

August 1-3

Clothing - None
School supplies - None
Computers - None
Bed and bath linens - None

Tennessee

August 1-3

Clothing - $100
School supplies - $100
Computers - $1,500

Virginia

August 1-3

Clothing - $100
School supplies - $20

Connecticut

August 2-3

Clothing and footwear - $300

Texas

August 8-10

Clothing - $100
Backpacks- $100
School supplies - $100

Maryland

August 10-16

Clothing and footwear - $100

Posted by

I pray that God our Father and the Lord Jesus Christ will be kind to you and bless you with peace

2 Thessalonians 1:2

 

Doug Dawes REALTOR®, AWREP, LMC

Broker Sales Associate

KELLER WILLIAMS REALTY - Topsfield/Newburyport

49 Main Street
Topsfield, MA 01983
 978-887-3995  ~ Office
 978-270-3037  ~ Cell
 DougDawes@KW.com

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Rainer
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Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Doug.  Where did this year go?  The tax free holidays help so many people.

Aug 02, 2014 09:35 PM #1
Anonymous
Doug Dawes

Seems to go by faster each year, doesn't it?

Aug 02, 2014 10:19 PM #2
Rainmaker
1,490,694
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

I went today for a school orientation. When I talked to one of the staff members, she sang 'back to reality'. That song stuck with me for the whole day!

:) vacation is over. So soon!

Aug 05, 2014 05:35 PM #3
Rainmaker
768,416
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

@Anna - it is incredible how a song can get stuck in your head all day. Fall is so close. At least you folks in CA don't have zero degree weather. Enjoy the rest of your suimme

Aug 05, 2014 11:37 PM #4
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Rainmaker
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Doug Dawes

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