Did you know, Prince Georges County provides a special exemption from local transfer tax to police officers and sheriffs who are first time homebuyers There is also a reduction in the local transfer tax for teachers (1% of the purchase price rather than 1.4%).
The stipulation for both, is that the purchaser must live in the property for three years following settlement as their principal residence and must continue their employment for three consecutive years following the purchase. If the purchaser moves from the property or ceases their employment during the three years following the purchase they may be required to repay the discount or exemption.
For more information call Frank Harris 240-472-9008
