Siena Research Institute: New Yorkers see strong and stable real estate market For the second consecutive quarter, New Yorkers view of the real estate market is strongly positive and the expectation is that the market is here to stay, according to the results of the third quarter 2013 New York State Consumer Real Estate Sentiment Scores released by the Siena Research Institute (SRI). HUD announces additional recovery funds for New York State communities impacted by Sandy One year after Hurricane Sandy devastated coastal communities in the Northeast, the U.S. Department of Housing and Urban Development (HUD) allocated a combined $5 billion through a second round of recovery funds to five states and New York City. New York State will receive approximately $2.1 billion in additional funds, while New York City will receive approximately $1.3 billion. Cuomo signs Sandy property tax assessment legislation Gov. Andrew Cuomo has signed legislation that could lower property tax assessments on properties destroyed or damaged by Superstorm Sandy. The new law will allow for retroactive adjustments of January 2013 tax bills. The bill aims to provide relief to property owners that received tax bills in 2013 that were based on pre-Sandy valuations and that did not accurately reflect storm losses. Property owners who have already paid their January 2013 tax bills can receive refunds. Property owners have 90 days from today, October 29, 2013, to apply to a local assessor for a reduction.
Posted on: Wed, 30 Oct 2013 12:59:25 +0000
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