Santa Fe defeats RETT ballot initiative

By
Real Estate Agent with Sotheby's International Realty

On March 10th the 16 % of the City of Santa Fe voters can out in stron opposition to the ballot initivative to put a 1% Real Estate Transfer Tax on homes sold over $750,000.  Voters felt both the timing and the limited group who the tax applied to were wrong.  The measure was defeated by just over 700 votes.  The opposition group was strongly supported by NAR and the Realtors Association of New Mexico. 

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Victoria Murphy, ABR

Your Santa Fe expert since 1598

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