Many states are using Real Estate Transfer Taxes (RETT’s) to increase government revenues. These taxes go by a variety of names such as; realty transfer tax, document stamp tax, and real estate excise tax. Often these taxes can be as low as a few dollars a transaction to, as much as, 3% – 4% of the sale price of the property.Haws Consulting Group can help make sure that what is considered as part of this tax is calculate correctly by the government agency applying this tax. There are some types of costs that are part of the sales consideration that can be excluded from the transfer tax calculation. We make sure that the transfer tax calculations are based only on amounts subject to this tax.
Lance is Executive Vice President of Haws Consulting Group. Lance has spent 28 years working in the property tax space and is also a licensed California Realtor. Lance loves working with clients on real estate matters.
The California Board of Equalization has updated the 2017/2018 Consumer Price Index adjustments. Revenue and Taxation Code section 51 provides that base year values determined under section 110.1 shall be compounded annually by an inflation factor, Read more…
Sacramento –The new California Department of Tax and Fee Administration (CDTFA) will begin operation this Saturday July 1, 2017 following legislation signed into law this week by Governor Edmund G. Brown Jr. “This newly established Read more…
Many states are using Real Estate Transfer Taxes (RETT’s) to increase government revenues. These taxes go by a variety of names such as; realty transfer tax, document stamp tax, and real estate excise tax. Often these taxes can be as low as a few dollars a transaction to, as much as, 3% – 4% of the sale price of the property.Haws Consulting Group can help make sure that what is considered as part of this tax is calculate correctly by the government agency applying this tax. There are some types of costs that are part of the sales consideration that can be excluded from the transfer tax calculation. We make sure that the transfer tax calculations are based only on amounts subject to this tax.
