Westport, Connecticut Moves

head_left_image

We Do Make a Difference

Yesterday, I joined with 700 or so REALTORS®, as we descended on Hartford Hartford Capitol building
for the annual REALTORS® at the Capitol day.

The morning began with an orientation session, to familarize us with the details of the proposed bills, being addressed.  The hottest issue, on the agenda, was the increased municipal portion of the conveyance tax.  Under current law, the 2003 emergency increase in the tax is finally set to "sunset" on June 30, 2008.  The increased tax, was originally enacted for one year, but has been extended three times.  The proposed bill would make the increase permanent.

Following the orientation session, we moved to break-out sessions, to meet with Legislators from our local areas.  It was here that we had the opportunity to vocalize our opposition to this increased burden on Connecticut homesellers.  One disturbing characterization of our opposition, was hearing it referred to as "the REALTORS® bill.  One Representative reiterated a finding, reported to the larger assembly, that the increased tax had not had an impact on home sales and therefore was not hurting the Real Estate agent's income.

That brought a sharp retort, explaining that we, as REALTORS® did not come to Hartford to fight for ourselves.  Our pupose was to look out for the best interests of our clients, the Connecticut homebuyers and sellers.  It was further explained that, especially in the current market, when many people have little or no equity in their homes and may already be selling at a loss, hitting them with a double tax is an unfair burden.

We were told that we were "preaching to the choir" and that they were on our side. However, the municipalities had gotten used to the extra revenue and they also had a strong lobby, pushing to make the increase permanent.  Realistically, it was stated, there was little chance that the bill would be defeated.

They were correct, to some extent.  Today, the Legislature's Finance Committe voted 29-to-21 to overturn the scheduled "sunset" of the increased tax.  But, it turns out, we did have an impact. Our presence, plus thousands of signatures on antitax petitions, which we delivered, brought about a small victory.  In place of the bill to make the increased tax permanent, a substitute bill will be brought to the full House and Senate, which extends the increase for another two years.

We will continue to urge the legislature to vote against the bill and allow the tax to "sunset." 

 

 

Marilyn Katz

      Marilyn Katz

    Berkshire Hathaway Homes Services New England Properties    
     203-429-1041
  Servings Westport, CT
  and the surrounding communities  

Click to subscribe to my AR Blog 

  
 Search Like an Agent

Copyright © 2013 Marilyn Katz, All Rights Reserved

Comment balloon 5 commentsMarilyn Katz • March 27 2008 09:23PM

Comments

Hi Marilyn,
Congratulations!  Getting involved paid off, I hope the bill is defeated permanently.  
Posted by Cynthia Tilghman, Realtor® Onslow County NC Home Specialist (Kingsbridge Realty, Inc) over 10 years ago
Cynthia- Thanks for  your encouragement.  It's an uphill battle but we'll keep trying.
Posted by Marilyn Katz, ABR, e-PRO - WestportCTProperties.com (Berkshire Hathaway HomeServices New England Properties) over 10 years ago
I am outraged now as I was when the conveyance tax was enacted.  I am about to close on my family home that I lived in the past 33 years with my deceased husband.  We raised 3 children to adulthood and made many sacrifices to keep our house and property looking as beautiful as possible.  Now in my twilight years I am having to be taxed again.  Why does the municipality I live in think they have a right to any more of my hard-earned money.  Hopefully this twice over tax can be eliminated once for all.  Thank you.
Posted by Mary about 10 years ago
I am outraged now as I was when the conveyance tax was enacted.  I am about to close on my family home that I lived in the past 33 years with my deceased husband.  We raised 3 children to adulthood and made many sacrifices to keep our house and property looking as beautiful as possible.  Now in my twilight years I am having to be taxed again.  Why does the municipality I live in think they have a right to any more of my hard-earned money.  Hopefully this twice over tax can be eliminated once for all.  Thank you.
Posted by Mary about 10 years ago
Mary- Unfortunately, even if we are successful in allowing the temporary, increased tax to sunset, it will not eliminate the overall conveyance tax.  That's been around a long time and is not about to disappear.
Posted by Marilyn Katz, ABR, e-PRO - WestportCTProperties.com (Berkshire Hathaway HomeServices New England Properties) about 10 years ago

Participate