REAL ESTATE

Carmel’s Mortgage Tax Revenue Hits Eight-Year High

January 19, 2017

MAHOPAC, N.Y.— For the first time in eight years, mortgage tax revenue—an important source of revenue for municipalities when preparing budgets—has climbed past the million-dollar mark in the town of Carmel, according to comptroller Mary Ann Maxwell.

Figures released by Maxwell show that 2016 mortgage tax revenues in Carmel topped out at $1,012,000, more than $300,000 above ...

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