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March 2011

Is it time to buy? Time to sell? With affordable housing prices, and historically low interest... read more

Taxes...how do property taxes work here?

How do taxes work?Are the current taxes relevant to what I will pay? There are discounts for... read more

Real Estate Update March 2010

Check this link. 

http://www.nytimes.com/2010/03/08/business/08short.html?pagewanted=all

... read more

Foreclosed Properties, Interesting

People often ask about foreclosures.

Foreclosures can be cheap. Or seem cheap.

Seldom... read more

Taxes...how do property taxes work here? (see all)

20110228 21:38:56

How do taxes work?Are the current taxes relevant to what I will pay? There are discounts for certain ages, and military service. There are also discounts if you owner occupy the house.  So the current tax on any home may be higher or lower than it may be for the next person. Two houses next to each other could be taxed with the same overall assessment, but one could be owner occupied by a senior citizen, who was in the military. He would have a triple exemption. The house next door is a rental. No exemptions. When the buyer purchases, the tax is modified to fit the circumstances of the new owner. If you have a question,drop me a note, Brian@IthacaBroker.com

 

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