Real Estate Financing

Calculating Capital Gains Tax on Real Estate Sales in New York

Selling a home can be a complex process, particularly regarding taxes. One tax that homeowners may need to consider is capital gains tax, which applies to profits made from the sale of an asset. This tax can be particularly relevant when selling real estate, as property values often appreciate over time. In this blog article, […]

Does New York Have a Capital Gains Tax On Real Estate | Decoding New York's Capital Gains Tax: Implications for Real Estate Transactions

Capital gains tax is a vital aspect of the tax landscape when buying or selling property, and the state of New York is no exception. Understanding how capital gains tax applies to real estate transactions in New York can help property owners and investors make informed decisions. This blog post will provide a thorough overview […]

Finding Saving Options: How To Reduce Property Tax In New York

Property tax is a major financial burden for many New Yorkers. With the rising cost of living, it can be difficult to afford high property taxes without sacrificing other expenses. Fortunately, there are several ways that individuals and businesses in New York can reduce their property taxes.  This article will discuss how to reduce property […]

Understanding New York Capital Gains Tax On Real Estate

When you sell or transfer your real estate property in New York, you may have to pay a capital gains tax on the profits earned. The capital gains tax applies to the difference between the sale price and the property's adjusted basis. The adjusted basis is the original cost of the property plus any improvements […]

NYC Real Estate Capital Gains Tax

Real estate in New York City has long been considered a coveted commodity. It is no surprise, then, that the government seeks to capitalize on this asset by imposing capital gains taxes when profits are made from its sale or exchange. Understanding the tax implications of selling a property in New York City is essential. […]

Is New York State Real Estate Transfer Tax Deductible?

When buying a property in New York City, you must understand the local taxes you may be subject to. One is the real estate transfer tax, which can be deducted in certain circumstances. In this article, we will discuss the real estate transfer tax in NYC, its importance for homeowners and buyers, and how to […]

How To Dispute Real Estate Tax Assessment In NY State?

The real estate market in New York is very complex. Filing a real estate tax assessment dispute in New York State can be overwhelming. This guide outlines the necessary steps to dispute a tax assessment, including filing deadlines, the dispute process, and how to prepare for a hearing. Deadlines For Filing A Tax Dispute The […]

New York Real Property Tax Relief Credit: A Comprehensive Overview

In recent years, the state of New York has made significant efforts to relieve the property tax burden for its homeowners. One such initiative is the New York Real Property Tax Relief Credit. This program aims to provide qualifying homeowners with an annual credit against their property taxes. In this blog post, we will discuss […]

Who Pays Property Transfer Tax In New York

Transfer taxes must be paid when buying or selling real estate in New York. Who is responsible for paying these taxes can depend on the transaction type and where it takes place. It’s essential for real estate buyers and sellers to understand who pays property transfer tax in New York in a real estate transaction, […]
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