Monday, January 5, 2015

Oswego County considers mortgage tax hike that would be highest in Central New York !!

County lawmakers will vote this week on a resolution asking the state to let them raise the mortgage recording tax.
The Legislature's Finance and Personnel Committee approved (only Republican Legislators voted in favor of)  the action at its Dec. 29 meeting. The resolution will come before the full county Legislature on Tuesday.
The tax increase would give Oswego County the highest mortgage tax rate in Central New York, said Gene Friske, of the Oswego County Board of Realtors, a trade group made up of real estate brokers and agents.
The resolution would authorize County Clerk Michael Backus to send a request to the state Senate and Assembly asking for an amendment to state tax law to let the county impose a mortgage tax of an additional 25 cents per $100 secured by mortgage.

No comments: