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521 Real Estate Transfer Statement Nebraska Department of Revenue  Form

521 Real Estate Transfer Statement Nebraska Department of Revenue Form

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as a Canadian real estate agent what's happening in Los Angeles is super interesting this new mansion tax took effect on April 1st and I have so many questions just in case you haven't heard here's how the new tax Works any property that sells between 5 million and 10 million is subject to a four percent property transfer tax paid for by the seller any property above 10 million dollars will be paying 5.5 property transfer tax since it was announced in November it has led to a ton of homes being sold before the tax comes into effect but here's something I didn't know about La many of the iconic hot spots like West Hollywood Beverly Hills and Culver City are actually LA County not LA City and so are not affected by this new tax so I wonder will this create demand for these areas and drive prices even higher or are people going to be scared eventually these areas will create their own property transfer tax as well and thus lead to a mass Exodus from

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