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A real estate transfer tax, sometimes called a deed transfer tax or documentary stamp tax, is a one-time tax or fee imposed by a state or local jurisdiction upon the transfer of real property.
Real estate transfer taxes have become controversial in some U.S. jurisdictions seeking to increase transfer taxes on higher end property sales to help combat issues like homelessness. 2022's Chicago's Bring Chicago Home initiative, seeks to increase transfer taxes on $1 million transactions by 253% or t o 2.65% or $26,500 per million dollar of ...
Moore, 178 U.S. 41 (1900), confirmed that the estate tax was a tax on the transfer of property as a result of a death and not a tax on the property itself. The taxpayer argued that the estate tax was a direct tax and that, since it had not been apportioned among the states according to population, it was unconstitutional.
Washoe County was a Republican stronghold throughout the late twentieth century, having only voted for the Democratic candidate once between 1944 and 2004 (in the 1964 Democratic landslide). Since the 1990s, it has become more competitive, going from a 22-point win for George H. W. Bush in 1988 to only a three-point win for Bush in 1992.
Unlike a transfer tax (payable to a governmental entity) a private transfer fee assessment is payable to an identified third-party, often a community association (like a homeowners' association, or "HOA"), the real estate developer, [3] and/or an environmental or charitable organization. [4]
As of the 2010 census, there were 425,417 people, 165,187 households, and 103,909 families residing within the MSA.The racial makeup of the MSA was 77.0% White, 2.3% African American, 1.7% Native American, 5.1% Asian, 0.6% Pacific Islander, 9.4% some other race, and 3.8% from two or more races.
Lyon County and Churchill County are sometimes also referred to as part of Western Nevada. [ 1 ] The region is the second most populous in the state (the first being Southern Nevada containing the Las Vegas Valley ) with between 530,000 and 615,000 residents, depending on whether Lyon and Churchill counties are included.
The Washoe Valley is a geographical region in the United States covering 66 square miles (170 km 2) in southern Washoe County in the state of Nevada. Located between Reno and Carson City, it is named for the Washoe people, Native Americans who lived there before the arrival of Europeans. Slide Mountain and Mount Rose overlook the valley from ...