What would be the economic impact of imposing real estate transfer taxes at the state or local level in Missouri?
In this tough economy, many Missourians have lost jobs or had pay cuts. Some have been forced to sell their homes, many at a loss because of drops in property values. This is particularly true for lower-income Missourians, who typically spend a larger percentage of their income on their home. Our Missouri neighbors experiencing this severe financial strain shouldn’t be subjected to more taxes, especially the double taxation of a real estate transfer tax.
