I believe it’s 1% of the purchase price... today.
So they hit you with basically a half a year's property tax, for the privilege of moving out of their worker's paradise!I take it that it is like the European VAT - which you pay on sale but get rebated on your next purchace provided that it is in-state.
Pretty. </sarcasm>
Probably functions as an estate tax on real property, too. A tax on retirement and death. What is not to like - provided that you are a Democrat politician?