Home Buying in Fort Collins>Question Details

Markus, Home Buyer in Outside U.S.

If i buy a new home - do i have to pay sales tax?

Asked by Markus, Outside U.S. Fri Apr 23, 2010

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6
Hi Markus, In Colorado there isn't any Sales Tax on a purchase of a home unless the Home Owner has included in the purchase, large items like a boat, car,etc. There are property taxes that the Seller of the home has to pay up to the date of closing, and if you are getting a mortgage, your lender will debit you for real estate property taxes to form an escrow acct to pay your future taxes. I hope that Helps!! Feel Free to call me if you need anything else!! Lori Lindholm RE/MAX Alliance (970) 217-4112
Web Reference: http://www.LoriLindholm.com
1 vote Comment Flag Fri Apr 23, 2010
Hi Markus, are you looking to buy a home in Ft Collins anytime soon? And, where will you be moving from?
Bobbye Hansen
Keller Williams Realty
bobbye.hansen@gmail.com
970-690-6990
Web Reference: http://www.bobbyehansen.com
0 votes Comment Flag Sat Apr 24, 2010
Kimberly's answer below is on the money. Here in Fort Collins, I don't know of any transfer taxes at this time, so you should be just fine, as well.

Feel free to write to me at sean@rmfa.com if you have further questions about Fort Collins, I've been an agent here for a decade. Thanks much!
0 votes Comment Flag Fri Apr 23, 2010
In OH, the Seller pays a transfer tax for all the real estate you purchase. The only sales tax issue I'm aware of is with manufactured housing, which is more popular in the South for a retirement home. In that case, you would pay a sales tax on the purchase on the manufactured home. When the manufactured home arrives & is sucurely attached to the ground (ie, no wheels), then everthing becomes real property (real estate).
0 votes Comment Flag Fri Apr 23, 2010
There could be some other smaller taxes or fees involved, but there is no sales tax on real eatate.
0 votes Comment Flag Fri Apr 23, 2010
Markus
You will not have to pay any sales tax unless there is personal property transferring
with it like a car...
Kimberly Ryan
303-523-8333 http://www.SwanRealtorGroup.com
0 votes Comment Flag Fri Apr 23, 2010
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