[StBernard] new real estate transfer taxes

Westley Annis westley at da-parish.com
Fri Nov 11 08:52:03 EST 2011

Remember the vote to ban fireworks many years ago. Same tactic.


They want to confuse us!

Please pass this along. 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: www.staytaxfree.com <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 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.
www.staytaxfree.com <http://www.staytaxfree.com/>

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

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