Tuesday, December 20, 2005

It will soon cost Sellers TWICE as much

to sell their home in Franklin County.

Beginning January 12th, 2006, the Franklin County Conveyance fee will increase to $2.00 per $1,000 of home.
This will double cost of conveyance for sellers. One Franklin County commissioner was hopping mad about it and spoke publicly about how full the coffers are at the county and why this is an unnecessary tax. Realtors like myself rallied against it but the tax remains and goes into effect soon.

It hurts the sellers bottom line but the State of Ohio says that each of its 88 counties can charge whatever they like for this fee up to $4.00 per $1,000. Many counties, such as Delaware County, already have this fee set at $4.00/$1,000 so Franklin County residents planning to sell their home next year can at least feel good that they don't live in Delaware County.

0 Comments:

Post a Comment

<< Home