Three (3) Mobile Home Parks Sold
A Utah Company has purchased three mobile home parks in Riverhead.  The parks, all owned by Macleods were sold for a grand total of $22.76 million dollars.  They include Macleods in Riverside, Riverhaven on Hubbard and Lakewood on River Road in Calverton.


Suffolk Borrows to Pay Settlement
Suffolk County, with the approval of the legislature, will have to borrow $4 million dollars to pay part of a $9 million dollar medical settlement.  The Medical Indemnity Fund will have to come up with the $5 million dollar remainder of the claim.


Tax Reduction Deadline March 1

March 1 is the deadline for filing an application for a reduction in school taxes based on reassessment proceedings.  You may start the process yourself or have an agency do the application work for you.  Better hurry!

2% Cap Limits STAR Reductions

All property owners receive a reduction in their school taxes based on the STAR program, a system of allocating State funds to school districts to assist homeowners with their tax bill.

The 2% cap imposed by the State on all increases will change the reduced amount which the tax payer may expect to receive in their STAR benefit.

Taxpayers who receive Basic STAR should expect $175 less than last year's benefit and those with enhanced STAR will see a $351 reduced benefit in their 2011-2012 school tax year.


My Favorite Story of the Week
Slovaks name bridge for Chuck Norris