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Old 08-07-2008, 12:03 PM
 
Location: Florida
22,652 posts, read 23,304,491 times
Reputation: 26750

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Buyers of property from the over 65 crowd in NYS may save hundreds or thousands on taxes the first year.
I don't know about other states but our buyers will have their Sept school taxes reduced by our senior(Enhanced STAR) exemption of $1800.
It was a nice surprise to them at closing.
Also disappointing to us since we will have to pay full tax on our new place.
Could be a nice negotiating point for a senior seller.
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