As prices soar in Delaware, lower appraisals put homes further out of reach
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Delaware Business Now
Burch is the 2021 President, Delaware Association of Realtors
Delaware has the highest state Realty Transfer Tax in the nation. That means more cash at the settlement table. That means fewer of our citizens can afford a home.
That means those selling a home have less equity to move forward themselves. And when that happens, it means our state’s economy takes a hit.
The Delaware General Assembly raised the state Realty Transfer Tax a full 1% in 2017 to counter a projected $400 million budget deficit.
That 33% increase made Delaware’s state Realty Transfer Tax at 2.5% the highest in the nation. Add to that the local transfer taxes, and individuals may have to pay as much as 4% of the property’s value at settlement in cash. That is cash required to meet transfer taxes alone, over and above settlement costs, making it hard for Delawareans to own a home and ultimately dealing a blow to real estate market and our state’s economy.
Delaware Business Now
Rosen
Belfint, Lyons & Shuman, CPAs(BLS)announced that the National Association of Estate Planners & Councils (NAEPC) recognized
Jordon N. Rosenas an entrant into theEstate Planning Hall of Fameand as a recipient of the Accredited Estate Planner (Distinguished) designation for 2020.
Rosen is one of only seven estate planning professionals to receive this prestigious award in 2020, which is given annually in recognition of lifetime achievement and outstanding contributions to the practice and profession of estate planning within the professional disciplines of accounting, insurance, and financial planning, law, philanthropy, trust services, and academia. Rosen provides tax consulting and compliance services to the firm’s higher net worth clients and business owners. He is the Past President of the National Association of Estate Planners and Councils (NAEPC). He has served as president of the Delaware Estate Planning Council and the Chester County, PA Estate
not have to be. that s the definition of liberty, which is kryptonnite to the union movement because they love the coerced membership it would be a lot smart fer republicans worked to get people in labor to support them. that would be a much better tactic realisticically is that ever going to happen? do you see seiu endorsing mitt romney? not mitt romney. he s history. but the fact of the matter is, if the republican party wants to broaden itself out, going forward, they will choose canned candidates and issues that attract labor we have the very best! we have the very best issues about labor, we want to lower the taxes on working people and more liberty for working people. we want to protect america s borders and from terrorism for working people [overlapping dialogue] that has nothing to do with what we are talking about. we are not talking about the borders. you are conflating a burch of
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