Aug
18
Arizona Proposition 100 - Real Estate Transfer Tax
Posted by Frank Hanson under For Buyers, For Realty Professionals, For Sellers, General Information

While, Arizona currently does not have a real estate transfer tax, there is nothing that prevents a tax from being enacted at any time. With our current slow economy and budget crisis, it won’t be long before cities, counties, and the state start looking for new sources of revenue. Enacting a real estate transfer tax is gaining momentum in Arizona. Just last year a bill was introduced in the state legislature proposing such a tax. Countless citizens’ commissions and county reports mention a transfer tax as a possible source of revenue for the state.
Sellers of real property in Arizona are already under pressure to accept less for their homes. They don’t need additional expenses in the form of real estate transfer taxes. Proposition 100 is a constitutional protection that will stop real estate transfer taxes in Arizona. Vote “Yes” on November 4, 2008 to eliminate real estate transfer taxes in Arizona.
For more information on Proposition 100 visit my web site at www.phoenix-relocation.com , scroll to the bottom of the home page, and click on the “Yes on 100″ logo.
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