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Friday, October 18, 2013

Transfer Tax - a VOTE FOR is actually a vote AGAINST Transfer Tax

Transfer Tax - Nov. 19th Ballot

If you vote "No" the tax will be implemented!

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.
And, if this tax is ever passed, it would most likely be raised again in
subsequent years.

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. The Amendment starts out with
"To" 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".

We would encourage everyone who lives in Louisiana to go to the following
website: 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 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.

Please pass on to your families and friends who live in Louisiana and
probably know nothing about this tax.

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