 |
My city is considering a property transfer tax
04-19-2007, 06:51 PM
|
#1
|
|
Recycles dryer sheets
Join Date: Jan 2006
Posts: 340
|
My city is considering a property transfer tax
The city I live in is currently considering the prospect of a 1% property transfer tax on the sale of residences. Does any other city have this? I think this is ludicrous.
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
Re: My city is considering a property transfer tax
|
04-19-2007, 07:41 PM
|
#2
|
|
Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 46,599
|
Re: My city is considering a property transfer tax
It is. Will it be voted on, and if so do you think voters will approve?
This is the first I have ever heard of such a tax.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
|
|
|
Re: My city is considering a property transfer tax
|
04-19-2007, 07:41 PM
|
#3
|
|
Full time employment: Posting here.
Join Date: Jan 2004
Posts: 851
|
Re: My city is considering a property transfer tax
1% is not so bad...in the Bahamas its 10%!
|
|
|
|
Re: My city is considering a property transfer tax
|
04-19-2007, 07:50 PM
|
#4
|
|
Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
|
Re: My city is considering a property transfer tax
__________________
Vietnam Veteran, CW4 USA, Retired 1979
|
|
|
|
Re: My city is considering a property transfer tax
|
04-19-2007, 08:43 PM
|
#5
|
|
Recycles dryer sheets
Join Date: Jan 2006
Posts: 340
|
Re: My city is considering a property transfer tax
 Quote:
|
Originally Posted by Want2retire
It is. Will it be voted on, and if so do you think voters will approve?
This is the first I have ever heard of such a tax.
|
It will be voted in by city council as the provincial gov't has already given the go ahead for it
|
|
|
|
Re: My city is considering a property transfer tax
|
04-19-2007, 08:55 PM
|
#6
|
|
Thinks s/he gets paid by the post
Join Date: Jul 2006
Posts: 1,901
|
Re: My city is considering a property transfer tax
In CT we have a local (City, town) tax and a State transfer tax on all real estate sales. 
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
|
|
|
|
Re: My city is considering a property transfer tax
|
04-19-2007, 11:14 PM
|
#7
|
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
|
Re: My city is considering a property transfer tax
NYC along with NY state has these as well
|
|
|
|
Re: My city is considering a property transfer tax
|
04-20-2007, 02:17 AM
|
#8
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2007
Posts: 5,072
|
Re: My city is considering a property transfer tax
Just what we all need... more taxes. :P
|
|
|
|
Re: My city is considering a property transfer tax
|
04-20-2007, 02:47 AM
|
#9
|
|
Recycles dryer sheets
Join Date: May 2005
Location: Owensboro, KY
Posts: 138
|
Re: My city is considering a property transfer tax
PA, Lehigh County (believe it is the county) has 1% on both sides of the transaction.
job
|
|
|
|
Re: My city is considering a property transfer tax
|
04-20-2007, 05:29 AM
|
#10
|
|
Recycles dryer sheets
Join Date: Sep 2005
Posts: 101
|
Re: My city is considering a property transfer tax
Franklin County Ohio charges the seller $2 per $1,000 of selling price to transfer real estate, including residential.
|
|
|
|
Re: My city is considering a property transfer tax
|
04-20-2007, 05:45 AM
|
#11
|
|
Recycles dryer sheets
Join Date: Jan 2007
Posts: 210
|
Re: My city is considering a property transfer tax
In addition to the 1% on both sides that the State of Pennsylvania imposes, I think the City of Philadelphia imposes an ADDITIONAL 2% on property transfers.
Actually from some vantage points, just 1% sounds pretty good!
|
|
|
|
Re: My city is considering a property transfer tax
|
04-20-2007, 06:04 PM
|
#12
|
|
Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,525
|
Re: My city is considering a property transfer tax
In Boston it's 2% (I believe ... been a few years) ... call it a "tax stamp". Other MA cities are 1%.
__________________
FIRE'd since 2005
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
| Thread Tools |
Search this Thread |
|
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
:
