02-07-2017, 03:42 PM
jsd Wrote:here you go:
"Real estate transfer taxes are taxes imposed by states, counties and municipalities on the transfer of the title of real property within the jurisdiction. Real estate transfer taxes can also be used for specific purposes, such as affordable housing and open space development."
The tax was increased on properties that are transferred valued at $5million or more. In California that tax is currently 0.11%. I have no idea what the new rate is in San Francisco for this change.
I seem to agree more and more with Ron Swanson with each passing day
https://www.youtube.com/watch?v=RUilUzH5kx8
https://www.youtube.com/watch?v=M689xuNgJyA