As you may have heard Measure 79 is on the ballot for the November 6thelection. This measure was created to preemptively block any future tax on the transfer of any interest in real property in Oregon. As a REALTOR® and advocate for private property rights, I fully support this measure. Homes are the most significant asset that people invest in and a transfer tax wouldn’t just impact the sale of a home, it would affect ANY transfer of a title on any real property. So it would potentially impact refinancing, transferring an inheritance, deeding land, etc. Any transfer tax will place an additional burden on property owners and will ultimately diminish the equity that they have worked so hard to build, if they even have any equity after the past 4 years of economic struggle. As our economy starts to show slow signs of recovery, an additional tax now would undo the progress that has been made.
As a real estate expert I want to pass onto you the importance of Measure 79 and how it will protect the equity you have in your property as well as reducing the cost of purchasing a home or passing your asset to a loved one in the future. Please help me in passing on the message that ‘Yes on 79’ helps today’s as well as tomorrow’s property owner. Please visit www.yesonmeasure79.com for more information.
A "Yes" vote on Measure 79 will stop state and local governments from imposing a new tax on real estate in Oregon.
