Posts tagged as:

Taxes

DYK: How can I get a STAR?

by Jaime

If you own a home in the state of New York and you use it as your primary residence you are eligible to receive a property tax rebate. The rebate amount varies depending on the municipality the home is located in. To receive the rebate all you need to do is complete the application, submit [...]

DYK: NYS Tranfer Tax

by Jaime

In the State of New York you will incur a ‘transfer tax’ for selling your home equal to $2 for every $500 ($4/$1,000).  For example, if you sell your home for $500,000, your transfer tax is $2,000. (500,000 x .004) Do you live in Yonkers?  Yonkers has a transfer tax of their own.  The City [...]

First time home buyer tax credit: What does it mean?

by Jaime

The original planned tax credit called for a $15,000 credit to first time home buyers.  The revised and approved package calls for an $8,000 credit instead.  Unlike the previous credit that was available in 2008, the current credit does not to be repaid.  It’s yours to keep.  (ironically, we are borrowing from ourselves, to give [...]

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