Am interested in a new property near by (whole new development consisting of 52 houses). The particular model I am interested in is 2593 sqft on a .74 parcel of land selling for $645,000 in NY's hudson valley region. The realtor said I should assume 15k/year starting out with 1% a year increase after the first 2 years.
However, recently read where NY state caps increases at 2% so theoretically, the taxes could go up 2% each year. This information will play into my decision to purchase or not. Any thoughts on how to obtain this data?
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source https://www.reddit.com/r/RealEstate/comments/1llnonv/how_to_tell_what_my_tax_bill_will_be_before_i_buy/
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