Brunswick County to vote on land transfer tax
BRUNSWICK COUNTY — In Brunswick County poll officials say it’s been a busy day. The land transfer tax brought many residents out to cast their vote.
Not only are Brunswick County voters deciding their elected officials will be, they’re also deciding whether to approve a tax on the sale of private property.
The land transfer tax is a proposed 0.4 percent tax on the sale of land, a home or a business. It’s a one-time tax levied only when property is sold.
It’s paid in addition to yearly property taxes.
Looking at the numbers, a 0.4 percent tax equals about $800 dollars on the sale of a $200,000 home.
The majority of voters in Brunswick County say the land transfer tax is just a way for local government to increase their spending.
The majority of voters at two precincts in Leland Tuesday afternoon were opposed to the tax.
Brunswick County is the 14th fastest-growing county in the United States. County commissioners say they will use revenue from the land transfer tax to support that growth — it will pay for things like road improvements and schools.
Polls closed at 7:30 p.m. Tuesday.
We’ll keep you updated on the land transfer tax and the rest of the races affecting Brunswick County.