The new federal tax law is scaring home buyers away from Westchester. Sales in the county, which has the highest property-tax burden in the country, tumbled 18 percent in the second quarter versus a year earlier. That’s the most since 2011, Bloomberg reported. Buyers are concerned they won’t be able to write off their steep property taxes. The new rules set a $10,000 limit on deductions for state and local taxes — below the $17,179 […]
source https://therealdeal.com/2018/07/12/westchester-homes-sales-plunged-thanks-to-the-new-tax-law/
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