{"id":6986,"date":"2017-07-25T13:15:35","date_gmt":"2017-07-25T17:15:35","guid":{"rendered":"http:\/\/schellbrothers.com\/blog\/?p=6986"},"modified":"2017-07-25T13:15:35","modified_gmt":"2017-07-25T17:15:35","slug":"transfer-tax-increase","status":"publish","type":"post","link":"https:\/\/schellbrothers.com\/blog\/2017\/07\/25\/transfer-tax-increase\/","title":{"rendered":"Increase in Delaware Transfer Tax Set for Aug. 1"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6989\" src=\"http:\/\/schellbrothers.com\/blog\/wp-content\/uploads\/2017\/07\/DE-TransferTax-Blog-Header-01.jpg\" alt=\"\" width=\"5501\" height=\"2418\" \/><br \/>\nWe&#8217;ve been fielding a lot of questions lately about the State of Delaware&#8217;s recent announcement regarding the Transfer Tax Increase on August 1. The biggest question being, &#8220;But wait, what does that mean for me??&#8221;. The answer is simple, with a few key facts to consider:<\/p>\n<ul>\n<li>The State of Delaware is increasing the transfer tax on August 1 from 3% to 4%.<\/li>\n<li>Schell Brothers incurs half of that percentage, which means for your part, the increase will be from 1.5% to 2%.<\/li>\n<li>All contracts ratified by July 31, 2017 will be assessed at the 3% transfer tax rate. Any contract ratified on or after August 1st, 2017 will be assessed at the new 4% rate.<\/li>\n<li>So let&#8217;s break that down. On a $400,000 home, that&#8217;s an increase of $4,000 after Aug. 1, or for Schell buyers, an increase of $2,000 after Aug. 1.<\/li>\n<li>Broken even further down, that means if you act now (before Aug. 1) you could save yourself $2,000 on a $400,000 home.<\/li>\n<li>Imagine what you could do with that extra $2,000??\n<ul>\n<li>A well-deserved vacation after your move?<\/li>\n<li>Treat yourself to a new set of furniture for your new home?<\/li>\n<li>Put it towards selections on your dream home?<\/li>\n<li>Save it for a rainy day?<\/li>\n<li>The options are endless&#8230;<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>To save thousands of dollars before the month is up, <a href=\"http:\/\/schellbrothers.com\/find-new-homes\/delaware-beaches\/\">visit our site or new home communities<\/a>, talk to a member of our sales team, and <a href=\"http:\/\/schellbrothers.com\/find-new-homes\/delaware-beaches\/\">act now<\/a>!<br \/>\n&nbsp;<br \/>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We&#8217;ve been fielding a lot of questions lately about the State of Delaware&#8217;s recent announcement regarding the Transfer Tax Increase on August 1. The biggest question being, &#8220;But wait, what does that mean for me??&#8221;. The answer is simple, with a few key facts to consider: The State of Delaware is increasing the transfer tax [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1233],"class_list":["post-6986","post","type-post","status-publish","format-standard","hentry","category-all-communities","tag-transfer-sales-tax"],"_links":{"self":[{"href":"https:\/\/schellbrothers.com\/blog\/wp-json\/wp\/v2\/posts\/6986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/schellbrothers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/schellbrothers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/schellbrothers.com\/blog\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/schellbrothers.com\/blog\/wp-json\/wp\/v2\/comments?post=6986"}],"version-history":[{"count":0,"href":"https:\/\/schellbrothers.com\/blog\/wp-json\/wp\/v2\/posts\/6986\/revisions"}],"wp:attachment":[{"href":"https:\/\/schellbrothers.com\/blog\/wp-json\/wp\/v2\/media?parent=6986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/schellbrothers.com\/blog\/wp-json\/wp\/v2\/categories?post=6986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/schellbrothers.com\/blog\/wp-json\/wp\/v2\/tags?post=6986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}