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 Post subject: transfer tax
New postPosted: October 3rd, 2012, 8:33 am 
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Joined: November 19th, 2008, 9:22 am
Posts: 432
Location: Old Jefferson
Everyone at work is in an uproar about a transfer tax and telling everyone to vote yes to prevent it. They say the wording is confusing. I can't find it online except that only 13 states don't have it. Fellow workers claim this means if you sell a house over $250,000 it will make you and the buyer have to pay another $5,000 tax over the closing costs.
All I see for Orleans parish is a transfer tax that is capped at $425.00 but I may be looking at outdated info.


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 Post subject: Re: transfer tax
New postPosted: October 3rd, 2012, 11:35 am 
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Joined: March 29th, 2008, 7:08 pm
Posts: 6197
Location: Metry, LA
Laura, Tchouppie sent this to me recently:

Please read... Subject: FW: Transfer Tax on Homes in Louisiana - very important to read

Reminder

98% of the people in Louisiana are NOT familiar with this tax on the ballot for Nov. 19. This is a tax that both buyers and sellers of a home in Louisiana will pay at the time of sale of their home if this tax is ever passed . As an example, if you sell your home for $250,000, both buyer and seller will each pay to Louisiana $4,925.00 as a transfer tax. This tax will be a closing cost on the HUD (settlement statement) at closing. And, if this tax is ever passed, it would most likely be raised again in subsequent years.

We would encourage everyone who lives in Louisiana to go to the following website: http://www.staytaxfree.com/ On the home page there is a calculator that figures the tax you will pay at closing if this tax is ever passed.

This is the tricky part: Most people who are not aware of this tax will just click "NO" on the ballot thinking they are voting against the tax. But, they will then be voting FOR the tax.

Voting "YES" prohibits any new real estate transfer taxes in the state. ( Orleans parish already has a transfer tax). Voters must vote "YES" which means "stay tax free."

This is an excellent website with great info. This website is sponsored by the Louisiana Realtors Assn which is our watchdog for new taxes. I hope everyone will look at this site and figure what their tax to Louisiana could be just for buying or selling a home . You are just one click away. http://www.staytaxfree.com/

Please pass on to your families and friends who live in Louisiana and probably know nothing about this tax. The Amendment starts with "To prevent"


The Amendment starts out with "To prevent....tax" so vote "FOR"






Edwin May

Purchasing Agent

St. Mary Sugar Co-Op, Inc.

Phone: 337-276-6761

Fax: 337-276-4297


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 Post subject: Re: transfer tax
New postPosted: October 4th, 2012, 12:53 pm 
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Joined: November 19th, 2008, 9:22 am
Posts: 432
Location: Old Jefferson
Just looked at the link: the vote was last year. Amazing how one e-mail gets a whirlwind going.


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