GCAAR Oppose Recordation Tax Increase (VIDEO)
Dozens of members of the Greater Capital Area Association of Realtors (GCAAR) turned out for a Montgomery County Council public hearing on bill 15-16 on Tuesday. The bill would increase the recordation tax in the County. In this MyMCMedia Extra video, GCAAR members discuss why they oppose the bill.
The Montgomery County Council took a straw vote, unanimously approving the FY 2017 budget recently. The Council is scheduled to take a final vote later this week. In this MyMCMedia Extra video, County Executive Ike Leggett talks about his concerns with the budget, including the recordation tax rate hike, additional spending, and employee negotiations. Related Posts:
"21 This Week" Covers Proposed Recordation Tax Increase, Governor Hogan Moves to Reduce State Fees (VIDEO)
Casey Aiken hosts the latest episode of “21 This Week.” Aiken and the panel discuss Montgomery County Council’s plan to increase the recordation tax; Prince George’s County Council’s recent ban on hydraulic fracturing, or fracking; Governor Hogan’s plan to reduce 155 state fees; and the Obama administration guidance to public schools regarding transgender students. This week’s panel […]
UPDATED Montgomery County Council President Nancy Floreen introduced legislation this week to change the rate of the recordation tax paid when properties are sold or refinanced. According to a Council news release, the tax premium only applies to sales and refinancing above $500,000 and the move will stimulate funding for additional school construction and affordable […]