Lawyers.com > Discuss Your Legal Issue > Ask a Lawyer > Real Estate > NYS Homestead Exemption Question.....

NYS Homestead Exemption Question.....

1 Answers. Asked on Jun 20th, 2017 on Real Estate - New York
More details to this question:
How is the value of a property figured when using the Homestead Exemption if a property is owned by a single person with no mortgage? Do they use Tax assessed value? Price paid for property? Property gets appraised? Thanks
Answers Showing 1 out of 1
Answered on Jul 02nd, 2017 at 6:26 AM

Market value is the value of the property.  The exemption amount is a flat number.

Report Abuse
Real Estate
Real estate attorneys can help individuals, families and small business with all property-related legal issues. Buyers and sellers of residential and commercial real estate should work with an attorney to negotiate the terms of agreement; draft and review the contract; review related paperwork (such as loan agreements); clear existing liens on a property; and attend the closing. Lawyers can also assist property owners with addressing zoning/rezoning issues and appealing property tax assessment. Landlords and tenants should work with real estate law firms to draft and review lease agreement, handle eviction proceedings and resolve landlord-tenant disputes.
Have an Real Estate Question?
It’s Free & Easy.
Ask a Lawyer
Top Contributing Lawyers
Mark Tischhauser, Esq.

Attorney - Florida

328 Answers, 20 Legal Topics

Patrick Johnson

Attorney - Tennessee

242 Answers, 45 Legal Topics

Michael D. Siegel

Attorney - New York

163 Answers, 24 Legal Topics

Michael E. Fiffik

Attorney - Pennsylvania

107 Answers, 19 Legal Topics

Lori Nevias

Attorney - New York

83 Answers, 37 Legal Topics

Edward J. Dimon

Attorney - New Jersey

80 Answers, 19 Legal Topics

Bruce Robins

Attorney - New York

77 Answers, 8 Legal Topics

Real Estate Local Law Firms  
In United States change location
×
Please select state Update
Do It Yourself Legal Forms
Go

Popular Forums