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Can a hasidic Jews not pay real estate taxes in New York?
I thought EVERYONE was supposed to pay real estates taxes in New York.
What are the inheritance taxes rates in New York?
No New York does not have an inheritance tax. Only 11 states do have one enacted. Seventeen states have estate taxes, but New York does not have one.
Can a Hasidim Jew not pay real estate taxes in New York?
Yes, if they live in apartments.
You just inherited money from a relative who died in New York you live in Rhode Island which has an inheritance tax transfer tax Are you responsible for the RI tax?
First, Rhode Island doesn't have an inheritance tax, it has an estate tax - there is a difference but unless you are going to be handling interstate estate matters, don't worry about it. Regardless of whether Rhode Island has inheritance tax or an estate tax, if the deceased was a New York resident and the property was in New York, only the New York taxes would be levied. New York would collect the taxes from the estate, however, if the executor somehow paid you and didn't pay the New York taxes then New York could collect the taxes, penalties and interest from you. Tax attorney/CPA
What are the current inheritance taxes in new york?
New York does have an estate tax. They do not have an inheritance tax. It would be a good idea to consult a probate attorney in the Empire State of NY. They will know how to reduce the tax liabilities of the estate.
Where is the largest Hasidic Jewish community in New York City located in what borough or what community?
The three largest Hasidic Jewish communities in New York City are located in Brooklyn. They are in the Crown Heights, Williamsburg and Borough Park neighborhoods. Williamsburg is the largest. According to the Related Link (see below), it is home to the largest Hasidic sect in the world!
What is the primary source of revenue for local government?
The primary source of income for local governments are real estate taxes. Some cities also impose their own wage taxes and sales taxes ( such as New York City and Yonkers).
When was Real Estate Board of New York created?
Real Estate Board of New York was created in 1896.
What is the most common foundation in New York state in real estate?
As per the my point of view Real Estate Board of New York is the most common real estate foundation in New York state.
Where can i find a List of real estate brokers in new york?
If you want to have a list of real estate brokers in your area in New York, you can actually ask for a list from the New York State real estate department and have a list of licensed real estate brokers in the area.
What taxes do you pay if you live and work in New York?
In the state of New York you would pay income tax and sales tax. If you own property you would pay real estate taxes to your town/city and county. If you buy gasoline for use in a car or other road vehicle you would pay gasoline tax. If you stay in a hotel you will pay hotel taxes. If you buy cigarettes or liquor you will pay separate taxes on those products. If you run a company, you will pay payroll and business taxes. If you buy or sell stocks or bonds you will pay taxes on those transactions.
What is a 421a real estate taxes?
Apparently, 421-a is a tax abatement programme in New York State that is available to developers who develop multi-family housing. You can read more by reading the law, below.
