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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Re-Blogged 1 time:

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

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Rainmaker
540,418
Maria Morton
BHG Real Estate - Kansas City Homes - Kansas City, MO
Kansas City Real Estate 816-560-3758

Ryan, it's hard to believe that they didn't get enough signatures on this. People were stopping to sign even though the temperatures were unbearable hot.

Aug 03, 2010 12:46 AM #1
Rainmaker
468,836
Janice Roosevelt
Rory Burkhart Team, Keller Williams - West Chester, PA
OICP ABR, ePRO,Ecobroker

Ryan, coming from a state where there is always someone in local legislature that wants to increase property tax, I hope the voters get their due.

Aug 03, 2010 06:51 AM #2
Rainmaker
95,755
Pat Starnes
Pat Starnes Real Estate - Brandon, MS

It's good the Missouri Association of Realtors is challenging this petition. Best of luck for a happy resolution.

Aug 03, 2010 10:10 AM #3
Rainer
226,889
Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

Maria:  I think the main problem is signatures/petitions thrown out because the collectors weren't registered with the state.  I am surpirsed by the outcome.

Janice:  If it doesn't make the ballot, I think we will have are handsful beating back legislative proposals in January proposing transfer taxes to balance the state budget.

Pat:  Election contests in Missouri are difficult to win.  I am not optimistic that this will get on the ballot.

Aug 03, 2010 10:59 AM #4
Rainmaker
253,514
Kent Simpson
Tierra Antigua Realty - Downtown - Tucson, AZ
Real Estate Is About People

Sorry to hear the petition was thrown out - but good to see that you guys are plugging right on ahead.  Don't ever give up!

Aug 12, 2010 05:00 PM #5
Ambassador
675,358
Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

Ryan, has anything changed on this issue?  It's good to hear your MAR has been so active, even though it's a tough battle I agree with Kent - don't give up!

Sep 16, 2010 02:33 PM #6
Ambassador
1,274,247
Debe Maxwell
www.AtHomesCharlotte.com | Savvy + Company Real Estate - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Hi Ryan!  Just checking in--haven't seen you post in awhile and wanted to see that all is well in your world!

Hope you have a wonderful weekend...

Oct 08, 2010 11:15 PM #7
Rainmaker
540,418
Maria Morton
BHG Real Estate - Kansas City Homes - Kansas City, MO
Kansas City Real Estate 816-560-3758

Hi Ryan! I'm just checking in on you as well. Hope everything is okay.

Oct 29, 2010 01:42 AM #8
Ambassador
675,358
Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

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.... 

Nov 17, 2010 09:09 AM #9
Rainmaker
981,145
Sharon Alters
Coldwell Banker Vanguard Realty - Fleming Island, FL
Your Fleming Island Relocation Agents.

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!

Dec 18, 2010 12:00 AM #10
Rainmaker
1,492,286
Tom Braatz Waukesha County Real Estate 262-377-1459
Re/Max Realty 100 262-377-1459 - Oconomowoc, WI
Waukesha County Realtor Real Estate agent,Waukesha

Ryan

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

Feb 20, 2011 09:01 PM #11
Rainmaker
1,492,286
Tom Braatz Waukesha County Real Estate 262-377-1459
Re/Max Realty 100 262-377-1459 - Oconomowoc, WI
Waukesha County Realtor Real Estate agent,Waukesha

Ryan

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

Feb 20, 2011 09:01 PM #12
Rainer
153,667
James A. Browning
Browning Real Estate School/REO Institute - International, INT
MRE REOCertified(R) SSCertified

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.

Jul 01, 2012 10:01 AM #13
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Rainer
226,889

Ryan Shaughnessy

Broker/Attorney - Your Lafayette Square Real Estate Partner
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