Tax Alert

Great News for NYS Homeowners:

The NYS Department of Taxation has announced a property tax freeze credit as part of a tax relief program which will reimburse qualified NYS homeowners for increases in local property taxes on their primary residences. The Tax department will automatically mail checks to eligible homeowners.

The program encourages local governments and school districts to reduce costs. For 2015, the base the credit is calculated from has increased to include municipal taxes, with the school taxes already included in 2014.

Below is a link to the Departments fact sheet so you can review the Eligibility requirements.

Please keep a copy of your refund to provide to your Buchbinder Tax Professional.

https://www.tax.ny.gov/pdf/publications/orpts/rp5301fs_prop_tax_facts.pdf

https://www.tax.ny.gov/pit/property/property_tax_freeze.htm

 

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