Transfer Tax - Nov. 19th Ballot
vote "No" the tax will be implemented!
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
passed . As an example, if you sell your home for $250,000, both
seller will each pay to Louisiana $4,925.00 as a transfer tax.
And, if this
tax is ever passed, it would most likely be raised again in
This is the tricky part: Most people who are not aware of this tax
just click "NO" on the ballot thinking they are voting against the
But, they will then be voting FOR the tax. The Amendment starts out
"To prevent....tax" so vote "FOR "
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".
would encourage everyone who lives in Louisiana to go to the
website: http://www.staytaxfree.com/ On the home page there is
calculator that figures the tax you will pay at closing if this tax
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
could be just for buying or selling a home . You are just one
Please pass on to your
families and friends who live in Louisiana and
probably know nothing about