First Time Homebuyer's Exemption

Exemption Restrictions & Requirements

This exemption is available on newly constructed homes, condominiums or townhouses that are the owner's primary residence.

• Resale homes that will be renovated (increase the living area) within three months of the closing date are eligible for the increase portion only.
• The sales price and income limits are predetermined by New York State.
• The home must be the first home for both husband and wife.
• This exemption applies only to the county portion of the property taxes.