Editor’s Note: The RISMedia series Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. New York City passes tax on luxury-valued second homes New York City has enacted a new tax aimed at luxury second homes. The “pied-à-terre” (French for “foot on the ground,” and used in reference…
Editor’s Note: The RISMedia series Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. Road to Housing Act removed from defense bill The Road to Housing Act, a bipartisan comprehensive housing reform bill passed by the U.S. Senate, has met a new roadblock. The bill, previously attached to…
Supreme Court Justice Oliver Wendell Holmes Jr. once wrote, “Taxes are the price we pay for a civilized society.” As a real estate agent, though, you know to always look for possible price deductions. One of the most common taxes homeowners face is a property tax, one of many increasing carrying costs when it comes…