Market Value —Valuing Your Property The NYC Department of Finance assigns Market Values to all properties in New York City – approximately 1,045,000 properties each year. Market Value is the worth of your property...
Category - Property Taxes
NYC Class 1 Residential Property Taxes Guide
Market Value —Valuing Your Property The Department of Finance determines a market value for your tax class 1 property using statistical analysis that incorporates data such as the recent selling prices of similar...
NYC property taxes: all you need to know
Death and taxes — the only two things you can be certain of in life. For New Yorkers who own real estate, taxes may even beat out death. The deluge of NYC property taxes is crippling for many owners wishing to buy...
1031 Exchange: everything you need to know
Most people know that they will be liable for a capital gains tax if they sell an investment property and plan to keep the profits. However, if the seller reinvests the profit in another investment — but takes their own...
Purchase CEMA: what you need to know
Here’s how a CEMA works: The buyer assumes responsibility for the balance of the seller’s mortgage on the property and borrows new money required to close. Next, the buyer consolidates the two notes and two mortgages...
Property Taxes: Condos vs Houses NYC
If you’re weighing up whether to buy a house or a condo in NYC (and by a house we also mean a townhouse as well as a single-family) property taxes will weigh heavily in your decision making. Here’s what you need to...
