A half-truth that has been flying around the Internet for a while now and probably will continue is all real estate transactions will be taxed at 3.8% in 2013.
If you knew a 3.8% real estate tax was on the way and you were thinking about selling your Spring Texas house, you might put your house on the market in 2012 to avoid the tax. But wait … don’t rush to list your house just to avoid a real estate tax until you learn the facts.
Here’s the FACTS:
Real world example:
For more examples of the 3.8% Medicare tax download a brochure from the National Association of Realtors. If you have further questions about the tax implications of selling your Spring Texas home, please consult your tax accountant.
Jill is very professional providing us with regular and timely updates on home viewing and feedback from potential buyers.She took... read moreJill is very professional providing us with regular and timely updates on home viewing and feedback from potential buyers.She took great care preparing the house for viewing with a professional photographers. She knows the market well and we ended up selling the house at the price we think that was good and fair. My wife and I will call her up again next time we need a realtor and will recommend her to our friends. Duke T. read less