Tax Breaks for First-Time Buyers and Renovators in Ulster County
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Lots of folks are attracted to home prices in Ulster County; it’s the taxes that gives them pause. So house shoppers will be happy to hear that the county will now offer a tax exemption for first-time buyers of new homes or those who are buying and renovating an older home, reports the Hudson Valley Insider. “The program offers a 50% exemption in year one and annually decreases to 10% in the fifth and final year,” the write. Only applies if the pad is your primary residence.
This is big news. Hopefully other counties will follow.
The link in the article doesn’t link to the actual story? Was anxious to read this one!
Fixed now. Thanks for letting us know!