February 23, 2016
Tax Partner Peter Buell is quoted by Long Island Business News in an article about New York State's Property Tax Freeze Credit rebate.
Long Island Business News
By Claude Solnik
Excerpt:
When it comes to property tax rebates (although they’re technically being called “credits”) for many homeowners, it turns out the check lately has been in the mail.
New York State has been sending checks to cover increases in property taxes on primary residences to taxpayers with incomes up to $500,000 in areas complying with the state’s recommended 2 percent property tax cap.
“The total amount credited will be large,” said Peter Buell, a partner in the real estate group at Marcum with Long Island operations in Melville. “On an individual basis, some will be larger than others, depending how much taxes were raised.”
