Support The Transfer Tax

The costs of growth are predominantly the costs of building schools and infrastructure. As everyone in the real estate industry, (other than Realtors) knows, in recent years construction inflation has far outpaced normal inflation, as reflected in the Consumer Price Index. With high construction costs and rapid growth many local governments can only turn to property taxes for additional revenue. There is an alternative that 7 NC Counties already have: a Land Transfer Tax option that 6 of those counties exercise. It is time for all NC Counties to have the revenue options that these counties enjoy. It's time to support the Transfer Tax option to provide fair funding for good growth and to ease the property tax burden for seniors and others on fixed or low incomes.