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How Will The New 3.8% Tax Affect Big Bear Real Estate?

Starting in 2013, there will be a new 3.8% tax that will affect some sellers, not all, of Big Bear real estate. There have been a lot of rumors, many of which are not true, flying around the Internet the past few years about a new real estate tax.  Contrary to popular belief, this tax will not apply to all home sales.  According to the National Association of Realtors (NAR), this new tax will only affect 2-3% of the home sales. What is the new 3.8% tax law? The law was passed by Congress in 2010 with the … [Read more...]