The 3.8% Sales tax is a myth?

According to a recent article published through the New York State Association of Realtors, recent e-mails circulating warn of a 3.8 % sales tax on all real estate sales starting in 2013 to help fund the health care program. I've seen these on line postings and have been commenting over time about them. This is a stretch of the truth according to Factcheck.org as pointed out in the article dated October 7th -- "Separating Internet myth from reality"



"the health care bill includes a provision that imposes a 3.8% Medicare tax for some high-income households that have "net investment income". Revenue collected by this tax is dedicated to the Medicare hospital insurance program."



The article goes on to say that the tax applies to households with an adjusted gross income (AGI) of more that $200,000 for individuals and more that $250,000 for married couples. "An additional tax obligation may result from the sale of real property because capital gains are included in the definition of the net investment income."

"Even if the AGI limits are met, the new tax would not be applied to capital gains that result from the sale of a home, since the existing home sale capital gains exclusion rule still applies - $250,000/individually and $500,000/couple. If the gain from the sale of the primary residence is below that amount, then NO Medicare tax will have to be paid. The new Medicare tax would apply only to a home sale gain realized in excess of the $250,00/$500,000 that pushes the AGI over the $200,000/$250,000 income limits."

Now, in particular with political elections around the corner, is a good time to ask for the truth from those running for office. Listen carefully to what they say.....

Affordable Rental in the Village of Millerton

A beautiful Home!

An early 1900's restored 2 story home with 3 bedrooms and 2 baths. On the first floor there is a good size kitchen, dining room with built-in china closet, living room, foyer and pantry with 1/2 bath. On the second floor there are 3 bedrooms, a den and full bath. There is a full basement and walk-up attic. The back yard is peaceful and adjoins the Harlem Valley Rail Trail. It's a short walk to the center of the Village of Millerton. There are beautiful wood floors, restored radiators, high ceilings and beautiful wood work. The large windows let in lots of natural light. As in many homes built during this period, the home has high ceilings. $1500/mo. The landlord is looking for a 1 year lease and security and will pay for snow plowing in the winter and the broker's fee. Good referrences are required. Just give Brad a call at Dutchess Country Realty.

Millerton, NY Live in one half and have the tenants pay your mortgage.

Both apartments are 3 bedrooms and mirror images of each other. On the fist floor of each there is a kitchen, dining & living rooms. The second level has three bedrooms and a bath. Both apartments have full basements and attic space. The building is in excellent shape and there are separate utilities. One side is currently rented for $1,000/mo. plus utilities. Located on a quiet side street, the eclectic, busy little Village of Millerton is within walking distance, including the trail head to the Harlem Valley Rail Trail. Call or e-mail us at Dutchess Country Realty, Inc.

Millerton - New Home opportunity

In the Millerton - Northeastern Dutchess County area - there have been little to no new homes built for resale over the last few years. This particular home was started just prior to the crash and has been on the market for some time and is now available at a drastic price reduction. All the extras! Red Oak floors - Marble & granite counter tops, cherry kitchen cabinets, fireplace, and more. The list is extensive. From the fleck epoxy garage floors to the central vacuum, or the eleven foot high ceilings in the LR-DR-Kit areas, the builder had built the house as his own. There is central ac, Andersen windows a high efficiency heating system and more. Oh, and there are mountain views. Located about 1mile from the Village of Millerton. 12 Miles to the Metro-North Sta. $539,000 - Just give us a call and we'll get you in.

Just Reduced - Village of Millerton, NY

Just Reduced. This light filled Cape is a well built circa 1925 home and only a three minute walk to Main Street in the Village of Millerton. It is full of charm and character with a cheery kitchen, large living room with fireplace, front porch and back deck. There are two bedrooms on the first floor including the master, and two additional bedrooms on the second floor. One has an original built in dresser/bookcase and the other has two separate closets and storage areas via attic access. Located in a quiet neighborhood. The back deck leads to the kitchen and makes summer outdoor dining convenient. Only 11 miles to the Metro-North Train Sta. Walking distance the Harlem Valley Rail Trail for walking, Biking or to rollerblade. $209,000.00

"Great Bones" - Built solid & true - Village of Millerton 1890's Colonial

Click on the light blue link -- "Great Bones" - Built solid & true - Village of Millerton 1890's Colonial

Amenia - Short Sale

Don't miss out! Greatly reduced to move-it! Click on the light blue link for info. Amenia - Short Sale

Spacious - Private yet near the Village of Millerton

New Rental Available! Click on the light blue link Spacious - Private yet near the Village of Millerton

Victoria Era Home w/Queen Ann Flair

Victoria Era Home w/Queen Ann Flair – Located walking distance to the Village of Millerton Main Street and surrounded by homes built in the late 1800’s on a tree lined street. This spacious home is currently used by one family as two units, and has the high ceilings and beautiful wood work of homes of that era. The main floor has a country kitchen, living and dining rooms, charming sun room and full bath. The second floor has a four room apartment with a galley kitchen, living and dining rooms, two bedrooms and two baths. There is a large basement and walk up attic. The detached garage is currently used as a work shop. The owners have made perennial gardens, walkways, and other improvements to the yard. Enjoy all the wonderful shops, restraints, the rail trail and events in the Village of Millerton just by walking down the tree lined sidewalks to Main Street.

Just in time for summer! Waterfront property in Millerton, NY

Peace and tranquility on 1.3 acres w/145 feet of waterfront on Indian Lake. A rare opportunity to own a year-round home (A Acorn Home) on the water. This 4 bedroom 2 bath home has 16 foot high cathedral ceiling throughout the main level, lots of natural light and overlooks the lake. The home is surrounded by woods on several sides as to provide privacy. There is a brick fireplace, large screened porch, glass sun porch off the master bedroom, inviting window-seat and more. Located in a private lake community that offers private tennis court use, swimming, boating, Ice Fishing, and a great group of people. 10 miles to the Metro-North Train, convenient to the Harlem Valley Rail Trail, Tanglewood, Jacob's Pillow, local ski & hiking areas, the Village of Millerton. $475,000

Optimum Online - News - AP News - Gov't mortgage plan aids 25 percent of borrowers

I find this article very interesting. Particularly interesting is the comment about lost paperwork. Click on the link to read the article.




Optimum Online - News - AP News - Gov't mortgage plan aids 25 percent of borrowers

All in the family

My wife, Jeanne Rebillard, who helped me grow my business over the years has been growing a business of her own. Rebillard Public Relations has taken on a new meaning in these hard economic times where larger companies are cutting staff, and outsourcing for services among the self employed. Marketing is what we do whether in Real Estate or Public Relations. I'm very proud to say that I'm now returning the favor and helping Jeanne with her very successful and growing business. View Jeanne's blog.

Free classifieds in United States, classified ads in United States (For Sale, Personals, Vehicles, Real Estate, Community,...)

Privacy and convenience - Located on a partially wooded 3 acre land parcel with a stream, this Custom Colonial is only 2 miles from the Metro-North train Sta. Some Features: 4 bedrooms, 3 baths, Central AC, 9 foot high ceilings, den, formal dining room, living room with fireplace, large family room, 2 car garage & deck. Available May 1st. $2,200/mo. Dutchess Country Realty, Inc 518-789-6185 http://www.dutchesscountry.com/ Brad Rebillard, Broker.

Short Sale - Amenia, NY - Banks Says "Sell it"

Now is a great time to take advantage of the existing low interest rates in combination with the ability to purchase homes lower than their market value under a Short Sale. A Short Sale is where the seller and bank agree to settle a mortgage on a home where the mortgage value is higher than the market value. In many cases today, banks are willing to go significantly lower than even market value as to get the properties off their books. At present, we have two home in the town of Amenia that are under a Short Sale scenario. Both these homes are in excellent shape and you can move right in. Please look at the attached photos of 51 Midway Ave., and 28 Wilson Eaton Road. Both these homes are currently listed for $199,000 -- Come and Make An Offer. For more info on these and other homes, go to www.dutchesscountry.com our web site. If you have any trouble navigating menu on our site, (we're have work done on the site) just go to the bottom of the page and click on Listings - Rentals - Recently Sold - Land - etc.

Custom Colonial For Rent - Amenia, NY

A privately located customized 3400 square foot 4 bedroom 3 bath home with oversized 2 car garage on 3 acres. A very spacious home with 9 foot high ceilings, central AC, wood burning fireplace, hardwood floors, stainless steel appliances, deck, master BR suite, jet tub and more. $2200.00 per mo.

Share me

Share me

Posted using ShareThis

Renovated 1800's home & cottage on 2.5 acres - Millerton

Renovated 1800's home & cottage on 2.5 acres - Millerton

Amenia - Short Sale

Amenia - Short Sale

Amenia - Make a offer! - Short Sale

Amenia - Make a offer! - Short Sale

All the best is in there.

All the best is in there.

A Sears Home - Village of Millerton

A Sears Home - Village of Millerton

Affordable Ranch Home - Millerton, NY

Affordable Ranch Home - Millerton, NY