Real Estate Surtax Won’t Affect Many Gulf Shores Home Sellers When the U.S. Supreme Court upheld the health-care law in June, it rekindled an issue that had been relatively quiet for the past year: A 3.8 percent “real estate tax” on Gulf Shores home sales beginning in 2013 that is said to be buried away in the […]
The Fight Against Real Estate Transfer Taxes
Legislatures in several states that historically have steered clear of real estate transfer taxes now are considering adding them to help deal with mounting deficits. Although proponents say real estate transfer taxes are necessary to help fund state services, opponents view them as an unwarranted tax on home sales. Some experts claim real estate transfer […]
Real Estate Taxes Are Rising
The property tax burden for residential property owners has not kept up with the present slide and erosion of market values. Everyday commercial businesses are failing and have little or no assets that make up the tangible personal property taxes and real property tax base. State and local tax collectors have lost revenue due to […]
Which is Better for Home Sellers?
Which is Better for Home Sellers? If you’re trying to sell your home, you may find yourself asking the question, “Which is better, lowering the price of the home, or offering to pay some closing costs?” In short, there is no right or wrong answer to that question, it’s just a matter of which strategy […]