I knew you were going to say that, so I checked the prices in Delaware and they are anywhere from $360,000 - $475,000. $475,000 × 4%= $ 19,000. Do I think that's high? Of course I do but I figured if you can afford a darn near half million dollar home you surely can afford to pay the transfer taxes. Now I don't know about in Delaware but you can deduct those taxes from your income taxes and besides the land transfer taxes are only at the time that the property is bought. Also in Missouri you can deduct your real estate taxes.
