Realtors Oppose Rendell's Proposed Tax on Professional Services in Real Estate Transactions

The way the housing market has been struggling over the past couple of years, is it really wise to impose additional taxes on home buyers?

The Pennsylvania Association of REALTORS® doesn't think so, either.

"Consumers in Pennsylvania will have to spend thousands of dollars more to purchase a home if Gov. Rendell's plan is enacted," said PAR President Don Roth. "Housing will become less affordable and beyond the reach of many Pennsylvanians."

From a PAR press release:

According to Roth, the proposed tax would affect every profession and service connected to a real estate transaction. In addition to paying a 4-percent tax on real estate agent/broker services, consumers will have to pay a 4-percent tax on appraisals, attorney services, credit reports, mortgage originations, home inspections, surveys, title searches, construction, architectural services and site preparation.

Read the full release at the link below:

REALTORS(R) Oppose Gov. Edward G. Rendell's Proposed Tax on Professional Services in Real Estate Transactions