Missouri Voters say YES to AMENDMENT 3 on November 2, 2010...........
It is no secret the economy is fragile. Unemployment and foreclosure rates are reaching all-time highs and government revenues are approaching all-time lows. As the great people of Missouri work harder than ever just to stay in their homes, the state government wants to make life even more difficult for it citizens by adding a real estate transfer tax.
Real estate transfer taxes are nothing more than double taxation. They are a one-time tax paid at the closing of a property and its effects will be felt by property owners for years to come. Real estate transfer taxes are often paid by the people who have lived in their home for years and have already paid thousands of dollars in annual property taxes.
Like a sales tax, a transfer tax would charge every seller a percentage of the total sale price. With banks demanding larger down payments, a transfer tax would make it more costly and much harder to buy a home, especially for first-time home buyers.
The Missouri government currently has the power to enact a transfer tax at anytime, but you have the power to prevent it by amending the state constitution and prohibiting the real estate transfer tax for good.
The Missouri Association of Realtors is sponsoring Amendment 3 in the upcoming election on November 2, 2010. A YES vote would change the Missouri constitution and prohibit the real estate transfer tax forever. We need to send a clear message that new taxes are not the answer.
Join us at the polls in support of Amendment 3. It's time to keep the American dream alive and vote YES to stop real estate transfer taxes.
To learn more, visit www.yestosavehomes.com or call (877) 710-8683(VOTE).
Don Rogers is a licensed REALTOR® in Missouri. I specialize in St. Charles County Missouri and have called O Fallon MO my home since 1993. If you are looking to buy or sell or you are relocating to the area and would like information about the St Charles County MO area do not hesitate to give me a call at 314-954-6775 or if you would prefer to send me an email.