North Carolina Citizens Say “No” to the Home Tax
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North Carolina Citizens Say “No” to the Home Tax

Greensboro, NC, November 7, 2007 — By an overwhelming margin, citizens in 16 counties resoundingly defeated a real estate transfer tax on Tuesday night. The proposed transfer tax, also known statewide as the “home tax,” would have resulted in property owners being forced to pay an additional tax just for the privilege of selling their home or property.

“The taxpayers of North Carolina spoke loud and clear across the state Tuesday,” said Tim Kent, executive vice president of the N.C. Association of REALTORS®.  “As we have stated all along, the transfer tax would have been grossly unfair, singling out one group of people – those selling their homes – to pay for infrastructure, programs and services that benefit everyone.”

Citizen groups in the 16 counties initiated grassroots efforts to inform their friends and neighbors about the negative implications of a transfer tax.

“The more than 44,000 realtors in North Carolina care deeply about the communities in which they live,” Kent said.  “They are keenly aware that our local governments have real needs, and they will continue to work with local officials to find the best solutions for these needs.  But they, like those who voted Tuesday, realize the transfer tax is not the answer.”

The legislature during the 2007 session voted to give counties the option to place the transfer tax issue on the ballot.  Only 16 of North Carolina’s 100 counties chose to put a referendum on the November 6 ballot.
“We hope the large margin by which these measures were defeated will send a strong message to other counties considering a transfer tax referendum for the future,” Kent said.  “The bottom line – the home tax is a bad idea.”
Here is the county-by-county breakdown of Tuesday’s transfer tax election results (as of 11 a.m. Wednesday):

Brunswick 15,234 3905 80% to 20% 100%
Pender 6,774 2,062 77% to 23% 100%
Washington 1,629 651 71% to 29% 100%
Gates 709 485 59% to 41% 100%
Hoke 2021 359 85% to 15% 100%
Harnett 6.458 507 93% to 7% 100%
Johnston 10,671 1,938 85% to 15% 100%
Moore 12,467 3,688 77% to 23% 100%
Chatham 7,492 3,167 70% to 30% 100%
Davie 5,006 1,417 78% to 22% 100%
Union 16,725 3,432 83% to 17% 100%
Rutherford 7,688 680 92% to 8% 100%
Macon 5,178 1,681 75% to 25% 100%
Henderson 6,969 2,807 71% to 29% 100%
Graham 1,490 45 97% to 3% 100%
79% to 21%
79% to 21%

North Carolina RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for North Carolina Real Estate publishing community.

RealEstateRama staff editor manage to selection and verify the real estate news for State of North Carolina.


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