How will the Home Tax impact my
family?
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It would place a SECOND tax on real estate - so you would pay MORE when buying or selling your home.
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It is a theft of homeowner's equity if placed on the seller, taking money out the hands homeowners when the home is sold. Money that could be used for college tuition, home improvements and retirement.
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It is regressive - it takes the heaviest toll on these least able to afford it - particularly, low-income workers, working families and first-time home buyers.
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It is a volatile source of revenue for government - completely subject to real estate market fluctuations.
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It's a BAD IDEA that would hurt the local economy, encourage urban sprawl and keep the dream of home ownership out of reach for far too many New Mexicans.
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