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New California Real Estate Tax

New California Real Estate Tax proposal

California real estate - New California Real Estate Tax

New California Real Estate Tax

Well, saying that this is a new California real estate tax is not entirely accurate. What it is is a new proposal for a fee on all real estate sales in California.

Now, not being a lawyer, I’m not really sure what the difference is between a fee and a tax. But, the bottom line for this proposal is that if it is passed, every time a property transfers ownership, the state will collect this fee.

Pretty much my take on this is that every time California creates one of these new taxes or fees, they always start out low. Kind of like our gas tax and then slowly increase over the years. Read more »