The-Leader_1971-04-15_001 |
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LTBttARIAir
NA33A- CTT HISTORICAL MUSEUM
EISENHOIER PARI
EAST UEACOl. 8 T 11554
The LEADER I I NASSAU'S LARGEST WEEKLY"
f r««povt's
Official
ll«wspap«r
FREEPORT
ZiD Cod* l l i ao
BALDWIN
Zl0 Cod* 11510
MERRICK
Z I D Code 11S6S
35th YEAR, No. 51
ROOSEVELT
FREEPORT, NEW YORK,THURSDAY, APRIL IS, 1971 PRICE TEN CENTS PER COPY
Nassau Would Tax
Home Sales
{nday saw Freeporters enjitymg beautiful weather im
many different ways The emphasis was on church, sunnse seroitxs at
Waterfrom Park, breakfasts, after dawn gatherings of the faithful. Easter
hannet%, of course, and excited children, thrilled with thoughts of the Easter
Bunny Lovely Iradilionml flowers, all adding up to the most glorious of days.
• - r
JKl'^'lfefyiiiilir M^ ^^^F^Jjfc'
A bill enabling any county
in New York Stale, outsit
of New York City, having a
population of more than one
million and containing no
more than three towns, to
impose a transfer tax on all
homes sold for more than
S2S,000 was voted 3 to I on
Monday by the Board of
Supervisors.
Nassau is the only county
that fits the above description
and passi^ by the
i^;idature of the home rule
Mil s p e a r s assured, with its
spoiisfMs being Assembiyman
Joseph Margjotta of Union-dale
and State Senator John
Caemmerer, Republican of
East Meadow.
The tax proposal was
made by County Executive
Ralph Caso in an effort to
raise additional funds. Caso
estimates that by imposing
a transfer tax of one half of
one per cent on all homes
sold for more than S2S.000,
revenues of about S3 million
dollars per year would be
brought to the county. A
provision of the proposed
law calls f<ir the tax to be
levied on the entire amount
of the sale, but existing
mortgages would be subtracted
from the price in
calculatli^ the tax. Thus a
home sold for $30,000 on
which there was an existing
$20,000 mortgage would
goierale a tax of $50. The
tax on the same home witl»-
out a mortga^ would be
SISO.
The only opposition to
the proposed tax came from
d e n Cove Mayor-Supervisor
Andrew J. DiPaola, Democrat
and Frank J. HoUenbach
of the Nssau Conseivative
i ^ t y who urged &m supervisors
to consider measures
**other than new tax proposals
to gouge the tex-payer".
DiP^ola contended
that because of the rising
prices of real estate, that
die tax would **liit evety
homeowner".
Object Description
| Rating | |
| Title | The-Leader_1971-04-15 |
| Subject | Newspaper |
| Description | This is a Newspaper distributed locally within the Village of Freeport and Baldwin. |
| Creator | Linda Toscano |
| Publisher | L & M Publications, Inc. |
| Contributors | Scanned by Imaging & Microfilm Access, Inc. (Bohemia, NY 11716) |
| Date | 1971 |
| Type | Periodical |
| Format | PDF; TIFF |
| Source | Freeport Memorial Library |
| Language | English |
| Coverage | United States |
| Rights | This digital image may be freely used for educational uses, as long as it is not altered in any way. No commercial reproduction or distribution of this image is permitted without written permission of the Freeport Memorial Library, 144 W. Merrick Road, Freeport, NY 11520 or email: frreference@freeportlibrary.info |
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