Santa Fe Voters Defeat City Proposed Transfer Tax
Excerpt from the Santa Fe Association of Realtors
Santa Fe voters rejected a proposed transfer tax Tuesday evening, with 54% voting against the tax to just 46% in favor. Working closely with NAR (National Association of Realtors) and RANM (Realtor’s Association of New Mexico), the Santa Fe Association of REALTORS ran an aggressive grassroots campaign against the tax that featured targeted direct mail, radio and face-to-face communications. We are thankful that voters agreed with our message that the proposal was unfair, targeted older homes, did not provide enough specifics on how the money would be used, and would not address our long term housing needs. In the coming months, we will be working to advance a variety of methods to increase housing affordability and stand ready to offer our leadership by working with all stakeholders.
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