NEW: On Tuesday, May 6th, 2008, following a course set last November, citizens in four North Carolina counties - Ashe, Gates, Orange and Tyrrell - resoundingly defeated a proposed real estate transfer tax in Tuesday's primary election. Click here to review the results. Click here to read more about the Orange County defeat.
Last November, 79 percent of voters in 16 counties statewide overwhelmingly said "NO" to a Real Estate Transfer Tax. The voters understand that taxing the equity in their homes is a bad idea when government spending is on the rise. Voters across North Carolina realize that homeownership is the result of hard work, personal responsibility and sacrifices. Owning a home is one of the best ways to build wealth and has long been a part of the American Dream.
Click here for a county-by-county breakdown of November 6th's transfer tax election results.