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Welcome to
our website!
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The
Brunswick County Home Tax
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DEFEATED |
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23 Precincts
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For .
. . . . . . . . . 3,905
20.40% |
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Against 15,234
79.60% |
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The purpose of this website is to
help educate and provide the facts about the
proposed Brunswick County Transfer Referendum.
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Stop the
Brunswick County Home Tax
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Our county leaders have placed a
real estate transfer tax, also known as the
"home tax", on the November 6th
ballot in an effort to increase government
spending. This proposed home tax is a bad idea
and will tax your nest egg and your success.
This new tax isn’t needed! It
will increase the cost of homeownership and
adversely affect our county’s working families
and senior citizens.
Q. What is a transfer tax (also
called the home tax)?
A.
It is a real property transfer tax you
will pay anytime you sell your home,
your land or your business.
Q. Is this tax paid one time?
A. No, the tax is
paid any time real property is
exchanged, and is in addition to the
property taxes you pay every year to the
county.
Q. Are there any
exceptions if I have to sell my property
because of financial problems caused by
a job loss or a death in the family?
A.
No, everyone who sells their property
will pay this tax. Senior citizens
downsizing will have to pay a tax for
the privilege of selling their home.
Churches and other important civic and
non-profit organizations will also have
to pay this tax. Farmers interested in
selling land to their children will have
to pay this tax. Military families who
are transferred to another community and
sell their home as a result will have to
pay this tax.
Q. Would this tax ever expire?
A.
No, if passed by the voters in November, the
county could levy this tax permanently.
Q. Isn’t this a tax on growth?
A.
No, this is not a tax on growth, nor is
it a tax on newcomers coming to the area
and buying property. This tax is paid by
the seller — people who have lived here
for years and paid property taxes, sales
taxes and other fees and taxes.
Q. Will this tax help make
housing more affordable?
A.
No, the home tax will make housing less
affordable. Young families already are
struggling to afford a home. This new
tax means many people will no longer be
able to experience the dream of
homeownership. Mortgage credit
opportunities are severely pinched right
now and foreclosures are at record
levels — this is the wrong time to place
any additional tax on homeownership.
Q. Wouldn’t this tax keep
property taxes from rising?
A. No, the transfer
tax is an unreliable source of revenue —
one subject to the ups and downs of the
real estate market. Furthermore, our
county commissioners can’t guarantee
that your property taxes will not
continue to rise — even with a new home
tax.
On November 6th, Vote
AGAINST the Home Tax.
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