Based on the examples from your site, can we assume that many of the closed sales we see are really showing a price that is 6% over the real price (what the buyer actually paid)? Why would the price not reflect the real price (net), instead of the padded price? Do buyers not understand they are going to pay property taxes on that difference for as long as they own the house?
So, now we have to subtract the 6% “credit” and the $8,000 taxpayers’ gift to sellers to get the real sales price.
