On November 19, 2011 there will be one item on the ballot statewide (LOUISIANA).  This is Amendment #1 --a constitutional ban on state and municipalities imposing real estate transfer taxes.

This was unanimously put on the ballot by lawmakers as a pre-emptive strike against state and/or local governing bodies from placing transfer taxes on real estate.

It is imperative that you vote "FOR" this amendment which states:  To prohibit the levy of new taxes or fees upon the sale or transfer of immovable property, including documentary transaction taxes or fees, or any other tax or fee, by the state or any of its political subdivisions after November 30, 2011 (November 30, 2011) (Adds Article VII, Section 2.3)

Real estate can not afford to have these type of taxes so by voting "FOR" this amendment you will no longer have to worry with your state and local governments placing transfer taxes on property you sell, donate, or inherit.

If you have any questions regarding this issue please feel free contact one of our agents.

Thank You,

Chase Muller

Donnie Jarreau Real Estate

(225) 753-3573 (o)

cmuller@donniejarreau.com

Baton Rouge Commercial Real Estate