No Property Transfer Tax on new homes up to $750,000.00 for first time buyers

(February 18, 2016 )

First time home buyers are exempt up to $475,000.00 and get an additional break now when buying in today's overheated market if you are buying a brand new home.   Purchases up to $750,000.00 are now exempt from the property transfer tax if you qualify as a first time buyer saving you as much as $13,000.00.  Buyers lucky enough to purchase over $2,000.000.00 will now pay a 3% fee instead of 2% on anything over and above $2,000.000.00  Happy House Hunting!