Missouri Real Estate News: Ballot Proposition Sponsored by the Missouri Association of REALTORS to Ban Transfer Taxes on Sale of Real Estate Rejected by Missouri Secretary of State due to Insufficient Signatures

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Real Estate Agent with PREA Signature Realty - www.preasignaturerealty.com

Ballot Initative to Ban Transfer Taxes

The Missouri Association of REALTORS, sponsor of a proposed state constitutional amendment to prohibit transfer taxes on the sale of real estate, announced today that it would file a lawsuit challenging the Missouri Secretary State's rejection of the ballot petition due to insufficient signatures.  On Monday, the Missouri Secretary of State announced that the ballot petition, known as Vote “YES” To Stop Double Taxation, failed to secure enough signatures of registered voters to qualify for the November ballot.

The Vote “YES” To Stop Double Taxation Committee collected thousands of petitions across six of the state’s nine congressional districts. The Committee plans to file a lawsuit in Cole County Circuit Court, asking that the petition signatures be declared sufficient. The suit will also ask the court to count signatures rejected by the Secretary of State due to petition circulators not being registered with the state.

“With the large volume of thousands of signatures of supportive voters and the deadline pressure scores of local election authorities faced to check the signatures, there will inevitably be mistakes, and we believe mistakes happened,” said Chuck Hatfield, attorney for the Vote “YES” To Stop Double Taxation Committee. “We owe it to the tens of thousands of Missouri voters who signed the petitions and worked hard on the issue’s behalf to go out and review the signatures and correct the mistakes,” Hatfield said. “We are committed to putting this important question before voters, so they have a chance to protect themselves from double taxation.”

Missouri remains among just 13 states that do not impose a transfer tax on real estate sales. The past legislative session included several proposals to impose a transfer tax on new construction. Lafayette Square REALTOR Michelle Silies commented "the imposition of a tax on the on the sale of real estate will only increase the costs associated the sale of one's home." Ms. Silies further stated "proposals for transfer taxes could not come at a worse time for homeowners already trying to sell their home in this challenging market."

Learn more about the amendment at www.YesToSaveHomes.com.

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PREA SIGNATURE REALTY

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PREA Signature Realty is a full service brokerage located at 1709 Park Avenue in the Lafayette Square neighborhood of the City of St. Louis.  PREA Signature proudly serves the following city neighborhoods:  Lafayette Square, Soulard, Benton Park, Benton Park West, Downtown Loft District, Forest Park Southwest, Central West End, Tower Grove East, Tower Grove South, Compton Heights, Shaw, The Hill, Dogtown, Carondelet, Holly Hills, St. Louis Hills, Dutchtown, and the Other Historic Neighborhoods of the City of Saint Louis, Missouri. 

The opinions expressed herein represent the opinions of the author only and do not reflect the opinions of PREA Signature Realty.  All photos and written content were produced by PREA Signature Realty.  All Rights Reserved - PREA Signature Realty (2009).  This content may not be reproduced or reprinted, except for Active Rain re-blogging, without express written permission of PREA Signature Realty.

For more information, visit our website at www.PREASignatureRealty.com or contact Ryan Shaughnessy at 314-971-4381 or send an email to Ryan@PREASignatureRealty.com

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  1. Michelle Silies 08/03/2010 12:29 AM
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Topic:
Real Estate General Information
Location:
Missouri
Groups:
Lafayette Square - The Lafayette Report
Realtors®
Saint Louis County, Missouri
Show Me Missouri
St Louis City, Missouri - Real Estate & Neighborhood News
Tags:
legal alert
ballot initiative
transfer tax

Comments 13 New Comment

Ambassador
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Lee & Pamela St. Peter
Making Connections to Success in Real Estate
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522

Ryan, where and what are you up to?!!  We've missed you here in the Rain...  Keep us posted on what's happening in your world.... 

November 17, 2010 09:09 AM
Rainmaker
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Sharon Alters
Your Fleming Island Relocation Agents.
Coldwell Banker Vanguard Realty

Hi Ryan, just checking in to say we miss you here in the Rain! I'm sure you're busy posting other places or just reaping the rewards of what you have planted here. Hope you have a great rest of the year and a fabulous 2011!

December 18, 2010 12:00 AM
Rainmaker
1,364,786
Tom Braatz
Waukesha County Realtor Real Estate agent,Waukesha
Re/Max Realty Center 262-377-1459

Ryan

Interesting they did not have enough signatures. Hope to hear from you one day soon again.

February 20, 2011 09:01 PM
Rainmaker
1,364,786
Tom Braatz
Waukesha County Realtor Real Estate agent,Waukesha
Re/Max Realty Center 262-377-1459

Ryan

Interesting they did not have enough signatures. Hope to hear from you one day soon again.

February 20, 2011 09:01 PM
Rainmaker
153,018
James A. Browning
MRE REOCertified(R) SSCertified
Browning Real Estate School/REO Institute

Thank you for sharing your blog; we need Real estate Professionals to share their comments and information regarding their markets and experiences. Thanks again from beautiful Colorado

Please, check out our website for Real Estate Education Opportunities @ www.REOInstituteColorado.com for Continuing Education Courses.

July 01, 2012 10:01 AM
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Ryan Shaughnessy

Broker/Attorney - Your Lafayette Square Real Estate Partner
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A Blog for New Home & Other Sales Professionals and for Sellers and Buyers Interested in City Living PREA Signature Realty proudly serves the communities of Lafayette Square, Soulard, Benton Park, Benton Park West, Downtown Loft District, Forest Park Southwest, Central West End, Tower Grove East, Tower Grove South, Compton Heights, Shaw, The Hill, Dogtown, Carondelet, Holly Hills, St. Louis Hills, Dutchtown, and the Other Historic Neighborhoods of the City of Saint Louis, Missouri.

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