Proposed tax is unfair to state's homeowners
As the state legislature works through the ominous process of building the state's budget, let us not stoop to using the proposed home transfer tax as a means to generate additional revenue.
Yes, the state has critical needs. Always has. Always will. We can find a way to meet these needs without taxing homeownership.
Homeowners, individually and collectively, are the very reason we have such a high quality of life in North Carolina. Homeownership means strong families, strong communities and strong economies.
The proposed home tax would force homeowners to pay one percent on the price of their home when they sell their property. That's $2,000 on a $200,000 house.
This home tax would single out one group of citizens (those choosing to sell their homes) to pay for infrastructure and services that benefit everyone. These are not newcomers but current residents who have been paying property taxes already.
This home tax is not fair. Simply put, it's a bad idea. This is one legislator who will vote "no" on taxing our homeowners in this state. I hope my colleagues in the legislature will join me.
To learn more about this important issue, people can visit the Web site www.itsabadidea.org.
Jerry C. Dockham
Denton
The writer represents the 80th House District, Davidson County.
Comments (4)
To report abuse of the comment feature on this site, please use the feedback form at the bottom of any page.
While this is a volitile issue in NC. Dear Jerry fails to mention how there is a segment of the populus that also uses these same services referenced. Yet, this segment, in all likelihood, does not pay any property tax even though vehicles are owned. Sales tax are basically the only tax this segment pays.
So, until a better way of collecting property tax is set up, something has to be done to balance the budget. Sadly, raising taxes has to happen as our population increases with the greater needs that come with the population increase.
There are several issues involved in the unmentioned issues in the previous two paragraphs. Those NEED to be addressed before increasing taxes. Until ALL politicians have the backbone to address those with the same vigor that this home sales tax has been will anything constructive transpire.
Shalom
Posted on June 7, 2007 7:44 AM
Even though I'd rather have a new home than a used one, i say add that tax into new homes. I await with eye-rolling glee when they figure out a renter's tax
Posted on June 7, 2007 9:24 AM
It seems to me this proposal is another form of double taxation. However, that's not really anything new, is it?
Posted on June 7, 2007 11:48 AM
Yvonne,
I agree. Tax you on the property that you own, then tax you when you sell it. Not to mention the fees you pay when you buy a home.
I'm beginning to think the benefits of home-ownership is a big lie.
Posted on June 7, 2007 12:35 PM