Are there sales taxes on properties (Single House, Multi Family), if we are a Company?

We will buy real estate properties. Preferential states are Indiana and Ohio.
In Buying Property - Asked by Walter S. - May 29, 2009
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Sam T.
Addison, TX

Yes dude, they ring those up at cash register and put it in a paper sack and hand them to you.
No...There are no sales tax on properties. You pay Property Tax annually which is for City.

May 30, 2009
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Paul S.
Glendora, CA

Actually there are "sales taxes" in some jurisdictions. In California they call them transfer taxes. In the Bay area they are much higher than they are in So Cal. Some cities also have transfer taxes. The transfer tax in LA County is $1.10 per $1000 but Pomona adds another $2.20 per $1000. So it depends on what state you are in and possibly where you are within that state. No matter what they call it, it is a tax that is due on the sale at the time of transfer. Tax is tax no matter the name.
Paul Sylvester,CCIM

Jun 1, 2009
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