Texas transfer tax?

Asked by Jennifer Grube, Houston, TX Thu Feb 27, 2014

Is there real estate transfer taxes in Texas, and if so in what instances? My smart GFE is telling me no transfer tax, but its not always so smart.

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3
Barbara Coker, Mortgage Broker Or Lender, San Antonio, TX
Thu Feb 27, 2014
Nope, no transfer tax, not so far. Thank you to the Texas Realtors PAC, TREPAC!

Barbara Coker
NMLS#228545
Licensed Mortgage Loan Officer
100% Home Loans All Over Texas!
1 vote
Danny Ross, Agent, Houston, TX
Thu Feb 27, 2014
Calif has it & recently my Dad & I sold his home for $665000! let me tell u he got hammered with that Tax hopefully Tx never adds to our Closings. I feel that would be very detrimental to our Economy. Our Taxes are the highest I believe for any of the surrounding States.
0 votes
Funny that property taxes are capped ... but they get it back (and more) each time a home is sold. It's yet another reason why CA is losing population ... families are exiting (largely due to the outrageous cost of living), older folks are dying off. Don't be surprised if TX and FL surpass CA next census.
Flag Fri Feb 28, 2014
Al Geffon, Agent, Houston, TX
Thu Feb 27, 2014
Jennifer ...

It's been discussed during several legislative sessions, but has never been enacted. Your GFE is smart after all.
0 votes
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