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The surge in property sales brought an infusion of $190 million in tax transfer revenue to New York City and state, a 31 percent increase through the same month last year. You may also consider getting in touch with a local tax assessor and pay attention to about the amount of tax which will be charged. Before 2020, landlords can also increase an extra 18 months of time spent in the property, this also would even be exempt from Capital Gains Tax. Investors believe that having capital they are able to devote to property and they believe that the value fro