People buying a home in Montgomery County may get an unexpected break as one Montgomery leader says he is investigating the possibility of a “tax holiday” to stimulate sales in the area’s bloated housing market.
Council President Mike Knapp said Monday that he wanted to evaluate cutting taxes and fees associated with home sales for a short period of time, in the hopes of spurring home sales. Knapp said he wants to know how much of a tax cut experts think is needed to give people the incentive to buy and how long the tax holiday would need to be to turn things around.
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