NYS Real Estate Transfer Tax on Conveyances of Real Property
In New York State, sellers who convey an interest in real property are required to pay New York State real estate transfer tax. In the usual sale of real property, the real estate transfer tax is computed at a rate of $2 for each $500 of consideration or fractional part thereof. For example, in a…Read more
Business Update: A Seminar for Clients and Friends of the Firm
Mackenzie Hughes attorneys strongly believe in keeping their clients informed on the latest developments in law and business.Read more
Important Time Periods for New York Business Owners Contemplating Litigation
Perhaps you have seen commercials from personal injury law firms trying to convince you to call them immediately if you have been injured because your claim may be time-sensitive. While these firms are obviously trying to get your business, there is some truth in this type of statement. Virtually any claim you may have against…Read more
Reduce Your 2014 Real Property Taxes by Taking Action NOW!
If you own property assessed by a town, your next school tax bill won’t arrive until September. However, you should take action now to reduce 2014 property tax liability. Remember: Assessments and Tax Bills are on Different Schedules A tax assessment is the annual estimate of a property’s fair market value. Town assessors fix tentative…Read more