Dons' musings about O Fallon Mo : Missouri Voters say YES to AMENDMENT 3 on November 2, 2010...........

Missouri Voters say YES to AMENDMENT 3 on November 2, 2010...........

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).

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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.

 

Comment balloon 7 commentsDon Rogers • October 20 2010 11:07AM

Comments

The govt. will never cease to amaze me!

Posted by Matthew Johnson (Keller Williams Premier Realty) almost 8 years ago

Hello Don:

Good luck on amendment #3 in Missouri.  We need these kind of initiatives to be successful.

Posted by Brian Rugg, Sun City TX Real Estate - Georgetown, TX Real Est (Rugg Realty LLC Sun City Texas 512-966-3200) almost 8 years ago

Matthew and Brian,

We are 1 of only 13 states that does not have a transfer tax and hope to keep it that way.  Thanks for your support.

Posted by Don Rogers, Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes (Keller Williams Realty Chesterfield) almost 8 years ago

Don,

Welcome back. We have it here in Anne Arundel County, MD, and it's just another expense. Here, it's usually split between the seller and buyer.

Good luck voting it down.

Rich

Posted by Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate (Coldwell Banker Residential Brokerage) almost 8 years ago

We have it also and they are trying to raise it.

Good to see you back!

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) almost 8 years ago

Good luck on your fight my friend, glad to see you wander back into the rain as well.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) almost 8 years ago

Don...

They are trying to raise the transfer tax here in GA. Good for you for trying to stop it in MO!

Posted by Richard Weisser, Richard Weisser Retired Real Estate Professional (Richard Weisser Realty) almost 8 years ago

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