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City of Syracuse Aligns Omitted Tax Billing with Other Municipalities

"The City of Syracuse is changing the way it's handling billing for omitted taxes. Starting July 1st , the City will no longer issue supplemental tax bills for the additional taxes owed.

Instead, the City will handle the additional, pro-rated taxes, known as " omitted taxes," the same way they are treated in most other New York cities and towns: The omitted taxes will be billed on the following year's tax bill. Omitted taxes will be identified as a separate levy line item on the City-School and County tax bills.
The City of Syracuse is adopting this longstanding practice used in other municipalities, which should be easier for lenders, brokers, attorneys, and others in the real estate community.
Regarding the billed amount to property owners, for the rest of the City-School and County tax bill periods the new owner pays the same reduced amount as the prior owner. The next tax bill (the first fully year bill) will be higher than normal because it doesn't have the exemption AND it has the omitted taxes from the prior year. The following year (the second full year tax bill) and thereafter, will be the true amount.
Any questions? Need more info? Contact Martha Maywalt in the Syracuse Department of Taxation and Finance at (315) 448-8297 or mmaywalt@syrgov.net."


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Vanguard Research & Title Services, Inc. is a full-service research and title insurance provider offering comprehensive real property research, title insurance products, and services throughout the State of New York.
CORPORATE OFFICES:
499 South Warren Street, Syracuse, New York 13202
315-422-6031 | 800-294-3740
OFFICE LOCATIONS
Onondaga County | Oswego County
POLICY ISSUING AGENT FOR
Fidelity National Title Insurance Company
Old Republic National Title Insurance Company
WFG National Title Insurance Company
Licensed New York State Title Insurance Agent: TLA-1361055
© 2012- Vanguard Research & Title Services, Inc.
All rights reserved.
Privacy Policy | Rates & Fees | Blog | Newsletter | Contact Us

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