They're At It Again!

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

What is it with politicians? How many times do we have to tell them NO? 

In Massachusetts, the State Legislature is, once again,  attempting to place another surcharge on Real Estate sales. Massachusetts already has a sales tax on real estate sales. It's called tax stamps.

Currently, MA sellers must pay $4.56 per $1000 of the sales price. The median sales price in Massachusetts is $556,000 which equals a tax of $2535.36. Realtors and MA citizens have instructed the Legislature, time and time again, this would be a bad thing for the marketplace.

Well, they're up to it again! The MA Legislature is now considering allowing local municipalities to charge either a .05% surcharge on all sales or a 2% surcharge on that portion of the sale over the median sale price.  

If you are a Massachusetts Real Estate practitioner contact your State Legislator and tell them NO!

If you ever plan on selling a home in Massachusetts, call your State Legislator and tell them NO to a real estate sales surcharge.

According to the MA Association of Realtors® MAR reasons why this surcharge would be a bad thing.  

  • Disrupt the housing market and cause a significant reduction in your sales volume. 
  • Increase housing prices.
  • Push many Massachusetts residents even farther from the dream of homeownership. 
  • Unfairly target the 2.5% of all Massachusetts residents that buy or sell their home each year. 

Chicago Property Taxes: It's Not A Pretty Picture - Getting Real

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

Comments (20)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Doug... never ceases to amaze me how easy those politicians find it to tax and spend "our" money. Hope this gets voted down again.

Mar 23, 2022 06:57 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Doug,

I have always wondered how the politicians can tell us to tighten our belts, when every August, they get a five percent raise on their already bloated salaries and privileges...yet they look for every opportunity to take and spend our money foolishly.  A

Mar 23, 2022 07:39 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Doug, sure seems our government wants ANOTHER chunk of change in every aspect of life.

Mar 23, 2022 07:39 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow Doug, Not good but somehow the government always wants a piece of the pie and it hurts the people that support the government.

 

Mar 23, 2022 09:39 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Doug - I think the nickname for your state is Taxachusetts although New York is not much better.

Mar 23, 2022 10:02 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Grant Schneider 

Indeed we have that nickname BUT believe it not "Tax-Free" NH is now taxed higher than MA

Mar 23, 2022 11:00 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Will Hamm ALL the States received BILLIONS of dollars from the Feds over the last year. The MA Legislature has lost its collective mind 

Mar 23, 2022 11:01 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

The government, by its nature, wants to grow and control BUT our Legislators are supposed to control that beast, Joan Cox Unfortunately they do not and are consumed by the beast

Mar 23, 2022 11:04 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

They take care of themselves and have bought into some ridiculous concept that we are serfs and they are special Ron and Alexandra Seigel 

Mar 23, 2022 11:06 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Me too Nina Hollander, Broker. We have prevailed 3 times that I can remember.

Mar 23, 2022 11:08 AM
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Politicians always think when the real estate market is hot, how can we get our hands on some/more of that money. Just say NO!

Mar 23, 2022 12:39 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Doug- some thoughts...TERM limits

As Ron and Alexandra Seigel mentioned, the fact that they get a 5% raise on their salaries is ridiculous. In what business do the employees give themselves a raise. 

And finally, it's one thing to take our money but then to blatantly misuse it is criminal. 

Mar 23, 2022 06:23 PM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Great call to action for your community.  Best of luck stopping the new taxes.

Mar 23, 2022 10:17 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Home ownership should be encouraged, not discouraged - which such a tax would do. I hope enough people vote NO.

Mar 24, 2022 05:00 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hey Nick Vandekar, 610-203-4543 Thanks for stopping by. 

Politicians don't understand NO! They are like children

Mar 25, 2022 04:16 PM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

They do as they will because WE keep reelecting them, Kathy Streib Time to put an end to their tyranny...lol

Mar 25, 2022 04:18 PM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Raymond Henson, eXp Realty This is the 3rd time in recent history this has come up. The real issue is, they want to figure out how to tax the value of your property even if you don't sell it

Mar 25, 2022 04:20 PM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I think the Legislature will drop it once they AGAIN see the outpouring of negative responses they receive Kat Palmiotti 

Mar 25, 2022 04:21 PM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Good to see you bring awareness to this Doug Dawes - before our government taxes us more, they need to do more for us in the way of education, health care and infrastructure...👍

Mar 28, 2022 06:08 PM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

There is so much the government could be constructively doing instead of the time they waste on other things of little importance to the people they represent Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets 

Apr 19, 2022 01:22 PM