Mayor Adams is bringing the tax lien sale back. Here’s how to get your property off the list

… 2021 Mayor Eric Adams is gearing up to hold a tax lien sale a 1996 creation of the Giuliani administration that … of unpaid property taxes and other housing bills The sale enables owners debts to be sold to private investors … auction Update Originally scheduled for May 20th the lien sale will now take place on June 3rd the last day for owners …

By Jennifer White Karp |May 16, 2025 - 9:30AM
Mansion or not, you can't escape the so-called mansion tax

… Buying in New York City means paying painful extra costs but nothing … cost that is shouldered by many buyers The mansion tax aka New York State Tax 1402a  can increase your closing costs by thousands Its also possible you may have to pay it on a new development unit priced below a $1 million Thats because …

By Jennifer White Karp |April 14, 2025 - 10:00AM
What is a CEMA loan, and how can it reduce my mortgage recording tax?

… modification agreement or CEMA is a loan only available to New Yorkers The most common CEMA is offered to those who are … loan you take the existing mortgage consolidate it with the new one and pay the tax on the gap between the two said … of $100000 on your mortgage and then refinance with a new lender for a mortgage of $200000 you will only have to …

By Evelyn Battaglia |March 25, 2025 - 9:30AM
How to reduce your capital gains tax when selling your NYC co-op, condo, or brownstone

… If you plan on selling your apartment or brownstone in New York City youll want to consider ways to reduce your tax … and youve lowered the corresponding tax Rubinstein said  A new fridge or new appliances arent capital improvements and neither are …

By Brick Underground |February 10, 2025 - 1:30PM