Dozens of members of the Greater Capital Area Association of Realtors (GCAAR) turned out for a Montgomery County Council public hearing on bill 15-16 on Tuesday. The bill would increase the recordation tax in the County. In this MyMCMedia Extra video, GCAAR members discuss why they oppose the bill. Related Posts:
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May 10, 2016 |
April 19, 2016 |
Floreen Proposes Rate Increase in Recordation Taxes, GCAAR Opposes (VIDEO)
UPDATED Montgomery County Council President Nancy Floreen introduced legislation this week to change the rate of the recordation tax paid when properties are sold or refinanced. According to a Council news release, the tax premium only applies to sales and refinancing above $500,000 and the move will stimulate funding for additional school construction and affordable […]
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