On October 8, 2021, Governor Hochul signed S6492 into law and now the five eastern towns (East Hampton, Riverhead, Shelter Island, Southampton and Southold) are authorized to establish community housing funds to be funded by a supplemental real estate transfer tax.Before any additional taxes are going to be levied, each...
Showing posts with label Transfer tax. Show all posts
Showing posts with label Transfer tax. Show all posts
Thursday, October 14, 2021
Monday, September 23, 2019
ATTENTION LLC Owners
LLC sellers & buyers of residential property (1-4 family houses) will no longer be able to hide their identities.
Transfer tax returns submitted by LLCs, as required when transferring real estate, will no longer be accepted by the clerk's office unless submitted with the names and addresses of...
Friday, April 05, 2019
05
Apr
On March 31, 2019, Governor Cuomo signed the New York State Budget for the 2020 Fiscal Year. Notable changes include increased real estate transfer tax rates and mansion taxes for properties in New York City and other cities with a population of over 1 million.
The new transfer tax and mansion tax rates apply only to...
