Tompkins County tries to promote growth of owner-occupied homes

A measure to increase the number of affordable single-family houses in the market, and spruce up old, derelict properties into owner-occupied homes has the support of the Tompkins County Government Operations Committee.

On Wednesday, legislators voted for the resolution urging New York to amend the Real Property Tax Law to allow Tompkins County the option to provide a partial exemption to multi-unit residential properties converted to owner-occupied homes.

The proposal may prove to be beneficial to first-time homebuyers and other individuals looking to move into a new home, say supporters of the initiative.

The resolution would allow the county to grant a partial exemption equal the increase in assessment for a period of eight years, reducing the 100 percent exemption by 12.5 percent per year.

Read More

Also on FingerLakes1.com

  • I tried freelancing over net, through doing some elementary work which definitely wanted a personal computer and having access to internet together with Now I am happier than ever… six months have surpassed ever since i began this and also i received money total of $36k… Usually I earn 80 dollars each and every hr as well as work for three to four hours nearly all the times.And great advantage of this is exactly that you could organize valuable time while you work and so for how long as you like but you still gain a take-home pay per week. —->>>LEARN Additional About This here-> http://olaurl.com/15cpy