The transfer tax is already paid on the purchase of houses.

The transfer tax is expected to add an estimated $60 million to the county's coffers over a year and a half.

For example, the transfer tax due on a $300,000 co-op would be $3,000.

And this new transfer tax is going to hit the little guys, who are the backbone of the county.

For example, the transfer tax on the sale of a $250,000 apartment would be $2,500, which is usually paid by the buyer.

If the property was free of debt, then no transfer tax would be owed.

Following criticism, the government imposed a transfer tax of $100,000.

If a transfer tax comes to a vote next year, will local residents support it?

The city's transfer tax will now cover all co-ops regardless of use.

After that, the transfer tax would go to the corporation.