Hoping to promote less expensive housing, one of the first things the new Albany City Council will do next month is to add a city tax on new construction valued at more than $50,000.
Posted in: Commentary, News
Tags: Albany housing, construction excise tax, low-income housing projects, property tax exemption, subsidized housing
Tags: Albany housing, construction excise tax, low-income housing projects, property tax exemption, subsidized housing
What Albany’s new construction tax costs
Owners planning to build projects in Albany may want to file for permits before the end of the year. After that, they’ll get hit with the city of Albany’s latest new tax.
Tags: affordable housing, Albany City Council, construction excise tax, subsidized housing, Van Drimmelen