Tuesday, April 28, 2009

Lower Income Home Ownership Tax Abatement

Eligible homeowners, including non-profit organizations and shared equity investors, may receive a five-year tax abatement and be exempt from paying recordation and transfer taxes. To qualify, you must meet the following conditions:

+The property must be owner-occupied;
+The owner must meet the income level requirement; and
+The property must be less than $327,000 in value

If you have questions about if you qualify for this program or whether you can take advantage of it when you buy your house or condo, send me an email - pwr (at) ruppertrealestate.com - and I will try to answer your questions.