New Real Estate Tax Deadline Extended

Recently a luxury tax was passed on homes worth more than $170,000. The charge is .25% to .55% depending on the value of the residence. The money raised from the new tax will be used to build housing for people who live in extreme levels of poverty.

The original deadline to pay was the 31st of December. However, the new deadline is January 15, 2010. The main reason for the extension is that very few homeowners paid because they found the whole payment process is very confusing.

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