New York Realtors Converge in Albany to Advocate for Property Tax Relief, Home Buying Incentives

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(News Source: New York State Association of Realtors)

(ALBANY, NY) -- Members of the New York State Association of Realtors will gather at the state Capitol tomorrow to impress upon their representatives in Albany the need for property tax relief, home buying incentives and number of other pro-homeownership initiatives.

"Our lawmakers have a historic opportunity before this session ends to assist New Yorkers in achieving the American Dream of homeownership, and we will encourage them to do so," said NYSAR President Daniel J. Hartnett. "We will continue our efforts to educate our legislators about the need for property tax relief through reforms such as shared services, government consolidation and a school property tax cap. In addition, New York's homebuyers need relief from our highest-in-the-nation closing costs."

Hartnett noted that Realtors will also urge their legislators to pass a homebuyer tax credit of up to $7,000 for New Yorkers. This would be similar to the federal first-time homebuyer credit that is bringing new consumers to the market. "A New York program would ensure that housing leads the way to economic recovery here by allowing even more of our residents to surmount the barriers to homeownership and make an investment in their community by having a home to call their own."
 
Realtors will also discuss the potential negative effect of several anti-homeownership proposals including increased real estate-related taxes and proposed limitations on licensee scope of practice.

The New York State Association of Realtors is a not-for-profit trade organization representing more than 56,000 of New York State's real estate professionals.

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