Public Hearing Held open link for Meeting Details 2/11/2020
This bill amends the constitution to approve real estate transfer taxes, exempting the first $500K, and will use the revenue to fund “affordable” housing.
Personal Choice and Responsibility
The voters passed Measure 79 in 2012 which made real estate transfer taxes illegal, except in Washington County, where they were grandfathered in. This is just the latest round of government knowing better than the citizens.
This can only increase the price of housing, which is in very short supply in this state.
This is a great example of the government having only one answer to a problem: More money.