K&J – Considering a Home Improvement Tax Credit

Saranac Lake Village Trustee Paul VanCott is pushing the introduction of a credit for Saranac Lake homeowners who invest more than $3,000 into their home. The Home Improvement Tax Credit is a proposal he has offered to the Village Board in Saranac Lake for discussion. “The Idea,” VanCott says during the K&J show, “Is to provide an incentive for homeowners to invest in their property thus increasing the overall tax base of the village. An increased tax base, according to Van Cott, would decrease the overall tax rate per household if the Village Budgets were to remain the same..   The proposal is expected to reach the full Village Board for discussion at their next regular meeting.

K&J – 021314 – Paul Van Cott Discusses The Home Improvement Tax Credit

 

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