Just say NO to New Taxes When Selling Your Home

Have you read Ohio Governor John Kasich's new budjet proposal? It includes a 20% reduction in the state income tax; a reduction in small business tax for LLC, S corporations, partnerships or sole proprietors; as well as a 0.5% decrease in the state sales tax. To offset the cuts, under the budget proposal, the sales tax would be expanded to services – including real estate services – in Ohio, with the exception of a few areas (education, medical, funeral services, home construction, residential rents, and some insurance). The proposed sales tax would be on every aspect of a housing purchase like home inspections, appraisals, mortgages, home warranties, title searches, commissions and more. Like the Ohio Association or Realtors, I oppose this expansion of the sales tax base! Selling a home is already so expensive for homeowners. I think additional tax burdens could be devastating to seller, and it could derail the recovery we're finally seeing. CABOR Chairwoman Joanne Zettl said, “CABOR joins OAR in its opposition to expansion of the sales tax base. At a time when the real estate recovery in Northeast Ohio is still in its infant stages, additional costs to real estate transactions would add financial burdens that could be devastating.” Just say NO to this new real estate tax to your state senator or representative. I know I will!

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Homeowner's Workbook: How to Remodel Your Kitchen

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