421A Tax Exemptions Have Downsides

When buying a home, make sure you know the ultimate costs. As the New York Times notes, the frequent use of 421A tax exemptions in the last decade are now exploding on buyers who bought new condos not realizing that their impossibly low property taxes were temporary. A good lawyer would have explained this. Call me at 201-289-5352 if you need assistance with a real estate purchase in New York City.

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