- Special Sections
- Public Notices
In the years since 2006, when the Legislature passed Act 388, I have seen endless editorials calling for repeal of the act. The act has only one flaw – the point of sale provision that mandates a reassessment to current market value upon transfer of ownership. This reassessment has resulted in the doubling and more of property taxes on transfer of property between relatives in the coastal communities and, frequently, a forced sale of the property because of inability to pay the tax.
Act 388 did the following positive things:
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