Rising Property Taxes on Long Island A constant concern here on Long Island is the continued increase in Property Taxes and the ever-increasing cost of living. The application for state program real estate tax exemptions (such as Basic STAR, Enhanced…
When you own a piece of real property in New York State, your circumstance dictates whether or not you are entitled to certain tax exemptions. What does this mean? Your personal residence may qualify for a number of exemptions based…
A “life estate” is an ownership interest that a person retains in real property while transferring a remainder interest to one or more individuals. Life estates are sometimes used as a planning technique by individuals who wish to safeguard their…