Transfer tax or property tax?
Allentown, Pa., residents will vote on the Nov. 2 ballot whether they want to pay an extra 1 percent transfer tax every time they buy or sell real estate to help the city balance its budget.
Allentown, Pa., residents will vote on the Nov. 2 ballot whether they want to pay an extra 1 percent transfer tax every time they buy or sell real estate to help the city balance its budget. According to The Morning Call, Allentown Mayor Roy Afflerback, said he will create the 2005 budget with two proposed property tax rates, one which assumes an increase in the transfer tax rate to 2.5 percent. http://www.mcall.com/news/yahoo/all-b1-5ballotoct19,0,2605364.story?coll=all-aol-yahoo-nws-hed
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