Breckenridge Transfer Tax
Recently, Breckenridge Associates Real Estate was notified by Land Title Guarantee Company that the Town of Breckenridge and closing companies are running into many situations regarding the conveyance within the town limits that has a transfer tax paid or stamped exempt. This issue is arising on all deeds, even Quit Claim Deeds.
The Town of Breckenridge is going back 6 years, and if there is any deed that is not stamped exempt or the transfer tax was never paid on any type of conveyance, the town is not allowing the title companies to pay the new owner's transfer tax or have the new deed stamped exempt until all previous deeds have been taken care of with the town. Closing entities will not be able to close a transaction that has any of these outstanding deeds that were not stamped exempt from a prior conveyance or transfer tax paid, until the issue has been resolved with the Town of Breckenridge prior to closing.
To review the Town of Breckenridge Ordinance and Guidelines, go to www.TownofBreckenridge.com, "Real Estate Transfer Tax."
Please contact your Realtor at Breckenridge Associates Real Estate to learn about the issue regarding the Town of Breckenridge transfer tax in Breckenridge, Colorado. Call us at, 800.774.7970 or 970.453.2200. Click here for the latest news about Breckenridge Real Estate.
The Town of Breckenridge is going back 6 years, and if there is any deed that is not stamped exempt or the transfer tax was never paid on any type of conveyance, the town is not allowing the title companies to pay the new owner's transfer tax or have the new deed stamped exempt until all previous deeds have been taken care of with the town. Closing entities will not be able to close a transaction that has any of these outstanding deeds that were not stamped exempt from a prior conveyance or transfer tax paid, until the issue has been resolved with the Town of Breckenridge prior to closing.
To review the Town of Breckenridge Ordinance and Guidelines, go to www.TownofBreckenridge.com, "Real Estate Transfer Tax."
Please contact your Realtor at Breckenridge Associates Real Estate to learn about the issue regarding the Town of Breckenridge transfer tax in Breckenridge, Colorado. Call us at, 800.774.7970 or 970.453.2200. Click here for the latest news about Breckenridge Real Estate.
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