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WPCNR THE HOME NEWS. From Westchester Putnam Association of Realtors (EDITED) May 9, 2011:
Westchester Putnam Realtors today called for Albany to create real estate stimulus measures, a New York version of 2010’s federal first-time homebuyers’ tax credit and homebuyers pretax savings accounts for the purchase of a first home.
“We need to focus on the first-time buyers,” said John Kope, President. “If they (1st time homebuyers) can’t make it in the market, there’s no trade-up for anyone else, and the whole real estate market will stagnate.”
The association plans to lobby for the measures May 24, as well as a 2% property tax cap on Albany Day when a contingent of members visits the state capitol to lobby legisla tors on the real estate issues.
The Association opposes so-called transaction taxes such as new or increased mortgage recording fees and transfer taxes. “These types of taxes are insidious. They raise the average closing costs out of sight,” said Kope. The REALTORS ® will also vigorously oppose any attempt by the State Legislator to reduce or eliminate the mortgage interest deduction on State income taxes.
The “Albany Day” gives members of WPAR, along with other local Associations and the New York State Association of REALTORS ® (NYSAR) an opportunity to meet face-to-face with their local Assembly members and state senators to discuss the most important issues facing the real estate community as well home buyers and sellers.
The Association also will lobby for property tax relief. Because New Yorkers and Westchester residents in particular have been burdened with some of the highest taxes in the nation, WPAR supports the Governor Cuomo-proposed two percent cap on property taxes. “Skyrocketing taxes in our area have continued to plague potential buyers, keeping so many of them still out of reach of home ownership,” said REALTOR ® John Kope, WPAR’s Legislative Chairman.




