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20 year real estate tax exemption

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ditt

7/29/2010 09:33 EST

It seems to me that if one bought a home with a 20 year tax exemption that each year that goes by ones property becomes less desirable because of the fewer remaining years of being tax exempt. Considering I'm 63 and plan on living more than another 20 years how does this affect the value and saleability of my home? Thanks, Doug

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Mikepg1

7/29/2010 16:29 EST

If it works like anything around here (NYC), tax exemption is a value add.
two alike homes. One with tax exemption is worth $X +$x. Each year the +$x is less but the value of the two homes remain consistently aligned. Generally, the value of the exemption is the future value of the money based on todays rate.

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thompson626

8/4/2010 01:43 EST

This 20 year tax exemption is disappearing. Any home that has any number of years, has more value to you, than houses without a tax exemption.....It's simple math. Get a house with the most amount of tax exemption years available on it......For more info, e-mail me at thompson626@gmail.com

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