The N.C. Association of Realtors is sending a message to Republican lawmakers considering a tax overhaul: don't hike the real estate transfer tax.
Senate Republicans put the item on the table in the debate. And now the association is responding with a new web video that signals it is prepared to fight the tax plan is the transfer tax is included.
The association is trying to fight the transfer tax and a sales tax on home purchases by labeling it a "tax on home ownership," just as they did in 2007 when lawmakers considered the issue. "Houses are beginning to move on the market," Patrice Willets, the association's president. "So public policy makers in Raleigh should be careful not to assess new taxes that could threaten the real estate industry and push our state back into a recession."
"Realtors have fought the home tax before and we stand ready to fight it again," she added.