A tax on the transfer of real property would discourage homeownership in Texas. According to a leading economist, that translates into a 7% reduction in sales volume. That's why we've fought hard to stop repeated attempts to pass this insidious tax.
Example: $2,000,000 (sales volume) X 0.07 = $140,000 (sales volume reduction)
$140,000 (reduction in sales) X (your take-home percentage) = $ (your savings)
Some county tax assessor-collectors were targeting Texas REALTORS® for an ad-valorem (property) tax on personal vehicles. If left unchecked, this new tax could have spread statewide to all Texas REALTORS® and other independent contractors.
Supported legislation to repeal the “occupations tax” that real estate brokers pay for their two-year license in Texas.
We’ve defeated numerous attempts to extend the state sales tax to professional services. Had they passed, your commissions would have been taxed at 8.25%.
When you add it all up, TREPAC is an incredibly valuable pocketbook protector. By investing in TREPAC, you get to keep more of your hard-earned money.