Ad Campaign Targets Transfer Tax Proposals

For sale sign / real estate

The North Carolina Association of Realtors has launched a statewide media campaign to fight proposals for a land transfer tax being considered by state lawmakers.

The tax is part of a menu of local funding options under consideration at the General Assembly looks for ways to help counties meeting growing infrastructure needs. Other ideas include a local-option sales tax, impact fees and a tax on new mortgages.

“The people of the state, and homeowners particularly, really despise transfer taxes. (It's) a tax that strips the equity from the homeowner when they sell their property,” Rick Zechini, director of regulatory affairs for the Association of Realtors, said Monday.

Various bills would give each county the right to charge a 1 percent tax on every land sale. That would cost someone selling a $200,000 house, for example, an extra $2,000.

“Ultimately, it’s (a homeowner's) money, not anybody else's,” Zechini said.

The campaign will include radio and television spots, direct mail pieces and an informational Web site at www.itsabadidea.org.

The battle might even get personal. There are indications that group could target individual lawmakers in future media campaigns.

Local government leaders said they think the need for new schools, roads and other infrastructure to keep up with growth would overwhelm the ad campaign.

“We don't see them as controlling the message,” said Rebecca Troutman, director of research for the North Carolina Association of County Commissioners.

Property taxes pay for the bulk of local infrastructure needs, but they don't generate enough revenue to keep up with growth, Troutman said. Taxing residential and commercial property sales is a logical way to bridge the gap, she said.

“It's not just the homeowner. In fact, what we think it would do is it would ease up on the homeowners' burden when it comes to property taxes,” she said.

Share:
Add to del.icio.us del.icio.us    Add to Digg Digg    Add to Google Google    Add to Yahoo! Yahoo!    Add to facebookfacebook   Add to StumbleUpon StumbleUpon    Add to Reddit Reddit

31 Comments


Golo

Welcome to GOLO, where WRAL.com visitors can comment on stories and create profile pages, blogs and photo galleries.

You must be a registered WRAL.com user to use these tools. Click here to register or log in.

View Comments View Comments

Ask Anything
  1. Carl Harris
    10 questions with Durham Schools Superintendent

    Superintendent Carl Harris answers your questions about the school system.

  2. Debra Morgan
    10 questions with WRAL Anchor Debra Morgan

    WRAL Anchor Debra Morgan answers your questions about TV news.

  3. Harry Dolan, Raleigh police chief candidate
    10 questions with Raleigh Police Chief Harry Dolan

    Raleigh's police chief answers your questions about officers' pay, panhandlers, violent crime ...

Multimedia
  1. WRAL-TV 'live' on mobile phone.
    Capitol Broadcasting unveils live, mobile TV

    Almost 12 years to the day that WRAL-TV went “live” as the first commercial high-definition station in the nation, parent company Capitol…

  2. The Amistad Saga
    The Amistad Saga: Reflections

    The 1839 mutiny about the slaveship Amistad is re-created in this outdoor drama, featuring music, dance and speeches. "The Amistad Saga:…

  3. Grocery Cart Tracker Thumbnail (w/graph)
    Grocery Cart Tracker

    Worried about rising food prices? Use our interactive Grocery Cart Tracker to compare local prices on popular items.

  4. fuel tracker logo stacked
    Fuel Tracker: Find lowest gas prices

    Our Fuel Tracker can help you find the lowest prices by zip code or city. And sign up for e-mail alerts, too.

  5. What is salmonella?
    What is salmonella and how can it be avoided?

    What is salmonella and how can it be avoided?