Friday, July 27, 2007

Washington County Approves Land Transfer Tax Referendum

The Washington County Board of Commissioners passed a motion to put a 1% land transfer tax on the ballot this November. The Board said the tax is needed and would help provide services such as sewer systems, parks and road improvements which would attract growth. Six counties, including Dare and Currituck, that have land transfer tax utilize the tax for capital projects. Opponents of the tax who spoke at the meeting stated that it takes away from the equity that would be enjoyed by the land seller and those costs are ultimately passed on to the homebuyer, impacting young families and senior citizens the most.

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