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Month: March 2019

Mar 2019

Editorial: Albany stumbles on reassessment

The Nassau County real property tax assessment system is so complex that even experts get confused, and New York’s Senate Democrats, even the ones from Nassau, mostly aren’t experts. So putting a plan in their State Senate budget proposal to help the county with its reassessment troubles without consulting experts, or even county officials, was …

Mar 2019

Deadline to set up assessment interviews pushed back

HUDSON — The deadline has been extended for those looking to set up interviews to discuss their assessment. Property owners have five additional days, or until March 20, to arrange an interview to discuss their assessment with GAR Associates, the company hired to do a citywide revaluation project, according to a statement from the city …

Mar 2019

Madison mayor says “dark store loophole” is costing cities and taxpayers

Madison Mayor Paul Soglin voiced his support Tuesday for Governor Tony Evers’s claim that his first state budget proposal will close the “dark stores” loophole that allows companies to base their property taxes off the value of an empty store rather than a working store. Over the past three years, Soglin said the city has been …

Mar 2019

Rehab programs in Batavia could be eligible for tax exemptions

Property conversions, rehabilitation, and building improvements are moving forward thanks to a strong partnership of the City of Batavia, Genesee County and the City of Batavia School District. All three taxing jurisdictions passed enabling local legislation to enact the Real Property Tax Exemption (RPTL) 485-a and 421-f. Property owners investing in Batavia may qualify for …

Mar 2019

Lewiston’s Frontier House sold to entity led by Paladino

The future of the Frontier House, listed on the National Register of Historic Places but vacant since 2004, now rests with one of Western New York’s leading developers. The Lewiston landmark was sold for $800,000 to a new entity, 4600 Group LLC, half-owned by William A. Paladino, CEO of Ellicott Development Co. Jeffrey Williams, onetime Niagara …

Mar 2019

Lake Mahopac park project faces state environmental investigation, reveals local ties

Tax Watch columnist David McKay Wilson digs into the issues at Swan Cove at Lake Mahopac in Putnam County.   This is a story of Swan Cove and the controversy surrounding an acre of public land on the shores of Lake Mahopac. It’s a story that also provides a glimpse into the town of Carmel’s inner …

Mar 2019

These stone homes are real rock stars

For stone house enthusiasts, bolder is better. The traditional building technique — which started thousands of years ago when humans began utilizing the sturdy, abundant natural material around them — has remained popular in America throughout the centuries. And for good reason: The structures are surprisingly good conductors and retainers of air, keeping homes warm …

Mar 2019

Erie County sales tax revenue higher than expected in 2018

Erie County’s sales tax revenue rose 4.25 percent in 2018, the largest one-year increase in seven years, according to the county budget office. Despite slowing fourth-quarter growth, the county gained $12.5 million more in sales tax revenue than officials budgeted. Sales tax growth met or exceeded 3 percent in October and November, but shrank to …

Mar 2019

Amherst touts Boulevard Mall – and benefits of its site – to potential buyers

Amherst officials are pitching the Boulevard Mall to prospective buyers as the mortgage holder on the region’s oldest enclosed shopping center prepares to put the property on the auction block this spring. “This is a focal area of the town for redevelopment,” said David Mingoia, executive director of the Amherst Industrial Development Agency. “We’re introducing …

Mar 2019

The top 10 biggest real estate projects coming to NYC

A Bronx warehouse topped the list of largest projects in New York City last month. The Bruckner Boulevard project from Innovo Property Group and Square Mile Capital Management topped the list by a wide margin. It would span about 740,000 square feet, more than 300,000 square feet larger than the No. 2 spot, which went …