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Are taxes reassessed when you purchase a house?
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MM2004
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Member since 5/05 1854 total posts
Name:
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Are taxes reassessed when you purchase a house?
If you buy a house, does the county or the town come in and change the taxes because you are new in the house or should they stay the same taxes the previous owner was paying?
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Posted 3/28/06 8:18 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Are taxes reassessed when you purchase a house?
Posted by MM2004
If you buy a house, does the county or the town come in and change the taxes because you are new in the house or should they stay the same taxes the previous owner was paying?
yes they reasses...
but unless some major work was done to the home...the taxes listed are probably close to actual
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| Posted 3/28/06 8:30 PM |
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CathyB
Member since 5/05 19403 total posts
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Re: Are taxes reassessed when you purchase a house?
and if they are getting a STAR reduction you will lost that and have to reapply yourself.
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| Posted 3/28/06 8:31 PM |
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skew
LIF Adult
Member since 5/05 6794 total posts
Name:
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Re: Are taxes reassessed when you purchase a house?
not always. ours weren't and for whatever reason we are one of the lowest in the neighborhood. all lots are 1 acre zoned and we have over an acre plus a pool so not sure why the smaller sized homes w/ less property and no pool are higher. no complaints, just interesting to compare.
in re: to star, the previous owners deductions roller over for the current year. i just applied for next year on 3/1.
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| Posted 3/28/06 8:53 PM |
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csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
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Re: Are taxes reassessed when you purchase a house?
Town of Islip told me that all I had to do was send in my application with a copy of my deed & my star exemption would continue with us.
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| Posted 3/28/06 8:54 PM |
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Hi-Fi55
12 years...wow....
Member since 2/06 2984 total posts
Name:
Dianne
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Re: Are taxes reassessed when you purchase a house?
The taxes are not reassessed unless you are buying new construction and the current taxes are still based on vacant land or the taxes from the prior owner had exemptions which you are no longer entitled to (Veterans, Star, etc.). If applying for a C/O or a C/C your property taxes also could go up.
Taxes will go up, as most taxes do every year, but towns do not reassess for no reason. (Well, they do....but that's a whole nother political discussion.... )
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| Posted 3/28/06 9:57 PM |
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