Friday, July 27, 2007

Washington County to Consider Transfer Tax Referendum

Although having the authority to impose a land transfer tax for over 20 years, Washington County voters have said “no” twice to the idea. The Washington County Board of Commissioners will be holding a public hearing this Monday at 6 pm in Plymouth to consider placing the issue on the November ballot. Washington County is one of seven out of the one-hundred North Carolina counties that have the authority to impose a land transfer tax. The debate over land transfer tax is waging in the North Carolina General Assembly as proponents say it keeps property taxes low and could potentially relieve the burden of Medicaid to poorer Counties. Opponents of land transfer tax have waged an educational campaign to inform voters that the tax is unfair and hurts the young families and senior citizens the most. The North Carolina Association of Realtors and the North Carolina Home Builders are opposed to land transfer taxes.

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