Excise Tax to Increase in 2014
Friday, April 4, 2014
The Southern Maryland Association of Realtors recently announced to its Realtor Members, the Charles County Government is increasing excise taxes on new home sale beginning July 1, 2014. Any NEW home sold after this date is subject to the following taxes for Fiscal year 2015:
Single Family Home = $13,366
Townhome = $12,677
Multi-Unit Dwelling = $ 9,646
This tax lien will appear on the purchasers tax bills and is due payable over a ten year period.
If you are considering buying a new home, call DeHanas Real Estate Services FIRST at 301-870-1717. Buyer Representation is free!
