Property Transfer Tax is 25 years old...
January 30th, 2012When REALTORS ask potential home buyers what one expense can mean the difference between signing a contract to buy a home and sitting on the fence, they’ll likely say the same thing: it’s the taxes. The tax that makes homes more unaffordable in an already expensive market is the Property Transfer Tax (PTT).
For 25 years, the PTT has been adding to the cost of homes. Hardest hit are low equity ...
