Lake of the Ozarks Real Estate Blog

We need to act now to let our legislators know we do not want a new tax on property sales and transfers.  This can add thousands of dollars to the cost of selling or buying a home.  A Real Estate Transfer Tax is a state or local government imposed tax that is collected when you transfer ownership of your home, land or commercial real estate.  Typically, once the tax is initiated, the rate can be increased by the state, county or city at any time. Currently, the state government in Missouri has the power to enact transfer taxes on the sale of property without a vote of the people.  Amending the constitution to prohibit transfer taxes gives power back to the people. Many residents around the state are trying to get enough signatures on a petition to have an amendment ready in November for us to

                                                                Vote Yes for NO Taxation.

Now, more than ever, we need to say enough is enough!

Thanks,
-Lynn Farrell