Effective July 1, the grantor’s tax in Northern Virginia and Hampton Roads will increase.

The legislature passed a 5 cent per $100 increase in Northern Virginia and a 6 cent per $100 increase in Hampton Roads to be used for their regional transportation projects.

The Governor’s proposal had included a 10-cent increase in both regions and NVAR successfully lobbied to have theirs reduced to 5 cents. The Realtor® associations in the Hampton Roads region agreed to a 6-cent increase. Click here to read more.

Leave a Reply

Your email address will not be published. Required fields are marked *