Browsing this Thread:
2 Anonymous Users
|
Re: Tax abatement - for owners
|
||||
|---|---|---|---|---|
|
Home away from home
 
|
The abatement is applied to the assessment. If you look at your property detail under hudsoncountytax.com you'll see a column showing "exemption" and your "assessed" column should show "assessed" = "tot" - "exemption". Those numbers should stay fixed for the period of the abatement. However, your taxes will fluctuate based on yearly changes to the tax rate (currently ~$7,180 per 100k assessed).
Posted on: 2013/12/5 3:22
|
|||
|
||||
|
Re: Tax abatement - for owners
|
||||
|---|---|---|---|---|
|
Home away from home
|
Quote:
Posted on: 2013/12/5 2:46
|
|||
|
||||
|
Re: Tax abatement - for owners
|
||||
|---|---|---|---|---|
|
Home away from home
|
A 5 year tax abatement increases 20% each year. Expect another increase next year.
Posted on: 2013/12/4 23:36
|
|||
|
||||
|
Tax abatement - for owners
|
||||
|---|---|---|---|---|
|
Home away from home
|
I brought a 5-year abated property 2 years ago. Just looked at the property tax website and noticed that my total tax for 2013 will be $400 more than total paid for 2012. And based on the first two expected payments already posted for Feb and May 2014, that will be $200 more than the 1st two quarters of this year.
I thought "abated" means I'll be paying reduced property for 5 years, and I had assumed that it meant the same amount for 5 years. Perhaps I was wrong? Any insight would be appreciated.
Posted on: 2013/12/4 23:15
|
|||
|
||||