5/22/13
| Bedford NY Area Luxury Real Estate Market Report | Over $2,000,000 | |
| Homes for Sale | 165 | |
| Homes Sold (6 Mos.) | 27 | |
| Homes in CC, pending, sold | 44 | |
| Inventory- sold | 36.66 months | |
| Inventory- sold, cc, pending | 22.51 months | |
Governor Cuomo promises to CAP real estate taxes because he believes they are too high.
Governor Cuomo’s NYS Real Estate Tax Facts:  ( http://tinyurl.com/2ed83fo )
1.    Property tax levies in New York grew by 73% from 1998-2008, more than twice the rate of inflation during that period.
2.    New York has 2nd highest combined state and local taxes in the nation and the highest local taxes in America as a percentage of personal income, 79% above the national avarage.
3.    The median property taxes paid by New Yorkers are 96% above the national median.
4.    When measured in absolute dollars paid Westchester (1st), Nassau (2nd), and Rockland (5th) counties are among the 5 highest taxed in the nation.
5.    When property taxes are measuredd as a percentage of home values over a 3 year period, the top sixteen counties in the nation are all in upstate New York.
BEDFORD NY– Bedford, Pound Ridge, and Westchester County police were on the move today on the ground and overhead.
They were racing from one house alarm to another on Tuesday. Burglars in broad daylight robbed seven Bedford homes all in the same general
area. The thieves ransacked the homes, bypassed Christmas presents, and got away with jewelry, electronics and video game systems.
Particularly disturbing for authorities is the number of people who called police today saying they saw something suspicious on Tuesday.
“They were observed in several different areas. The same vehicle description, the same persons description. It would have been helpful to get that
information right away,” Lt. Jeff Dickan said.
Bedford NY Snow Storm today!!
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New single-family home sales rose in November but to a lower- than- expected rate , a government report showed on Thursday, highlighting the weakness in the housing market even as the broader economic recovery gains momentum.Â
The Commerce Department said sales increased 5.5 percent to a seasonally adjusted 290,000 unit annual rate after a downwardly revised 275,000 unit pace in October.
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Analysts polled by Reuters had forecast new home sales rising to a 300,000 unit pace in November from a previously reported 283,000 unit rate. Compared to November last year, sales were down 21.2 percent.
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Housing remains mired in weakness against the backdrop of a 9.8 percent unemployment rate and high foreclosures. Data on Wednesday showed sales of previously owned homes rose last month but remained at depressed levels.
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At November’s home sales pace, the supply of new homes on the market fell to 8.2 months’ worth from 8.8 months’ worth in October. There were 197,000 new homes available for sale in November, the lowest since March 1968.
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The median sales price for a new home increased 8.0 percent last month from October to $213,000. Compared with November last year, the median price fell 2.7 percent.
Jude Law and Sienna Miller have plunked down $12,298,650 for a London townhouse, and perhaps a modicum of relationship stability following a relatively tumultous period. British actors Law and Miller met during the filming of Alfie in 2003, but split up in 2005 after Law began an affair with the nanny of his three children with former wife Sadie Frost. They each had their flings (Law had a fourth child with New Zealand model Samantha Burke), but eventually rekindled their romance.Â
Though not married, the couple’s new 5,092-square-foot home certainly represents something of a commitment. With four floors and a finished basement, the Georgian-style home has 7 bedrooms and 5.5 bathrooms. A small walled and gated courtyard leads into a grand reception hall that befits the home’s history, which dates back to 1820. Click to the jump for house photos.Â
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Ringo Starr and his wife, Barbara, are asking $4.5 million for their three-bedroom vacation home near Aspen, Colorado.
The 70-year-old Beatles drummer, who continues to tour with his All Starr Band, bought the home in 1990. The wood cabin sits on about 16 flat acres in Woody Creek and has frontage on Roaring Fork River. The roughly 3,200-square-foot cabin was built in 1987 and is surrounded by unused horse paddocks.Â
Next year’s budget will have to increase by 5.12 percent, or $5.97 million, Â in order to maintain current staffing and programming at the Bedford Central School District.
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School officials detailed their estimates and forecasts for next year’s budget during Wednesday’s Bedford school board meeting. Â
The ‘go forward budget,’ or the budget to maintain existing programming and services, is estimated to be $122,450,000 next school year. That represents a 5.12 percent increase from this year’s budget.Â
“We’re assuming that we’re not going to get any increase in class sections, or any changes in class sections with no problematic changes to the student needs at this point,” said Mark Betz, the district’s assistant superintendent for business and administrative services.Â
These figures also assume that the district will use $4.4 million in budget reserves to help lower the tax levy.
The budget also doesn’t take into account the possible passage of property tax cap by the state Legislature. Governor-elect Andrew Cuomo’s property tax cap proposal would limit the amount of tax school district by 2 percent or the rate inflation.
One of the biggest thing driving up the budget are increased state employee and teacher pension funds, which are anticipated to increase by 35 percent next year, according to Betz.Â
Betz said those pension contributions are mandated by the state and that the district has no control over them.Â
“Just take that $2 million and think of that in terms of your tax levy,” Betz said. “Your tax levy, right now, is at $103 million. So, essentially, 2 percent is now added to your levy before you start just in pensions.”
