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You pay when you buy the home. But the point is you didn't have to pay it at all if you bought between last July and the end of this month (unless buying a very
by Joeboy 5y ago
You pay when you buy the home. But the point is you didn't have to pay it at all if you bought between last July and the end of this month (unless buying a very expensive house). Meaning (or so I thought) a big rush on housing and a big increase in house prices.
- rootusrootus 5y agoSo it's essentially a sales tax? AFAIK we don't have an equivalent in the US. We have an annual property tax, which averages about 1% per year.