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Month: October 2019

Oct 2019

Schumer presses Senate vote on SALT revision, but it fails

WASHINGTON — A legislative maneuver by U.S. Senate Minority Leader Charles E. Schumer to blunt Republican capping of New York’s state and local tax (SALT) deduction met defeat on the Senate floor Wednesday. In a 52-43 vote that for the most part fell along party lines, the chamber’s Republicans turned down a Schumer measure that …

Oct 2019

Destination Maternity to close 183 stores in Chapter 11 bankruptcy

Destination Maternity filed for Chapter 11 bankruptcy protection Monday, as the apparel company hopes to avoid the growing graveyard of fashion retailers felled by expensive leases and digital competition. The retailer operates stores under several brands, including Destination Maternity, Motherhood Maternity and A Pea in the Pod. The company had 446 stores in the U.S., Canada and …

Oct 2019

Cheektowaga reinstates townwide reassessment

The on again/off again townwide reassessment in Cheektowaga is on again. The Town Board on Tuesday voted 4-2 to reinstate the reassessment, a plan that was rejected less than a month ago. Deputy Supervisor Brian Nowak and Councilman Gerald Kaminski voted in support of the townwide reassessment plan, the first since 2014. Two Council members …

Oct 2019

Schumer presses vote to restore SALT deductions

WASHINGTON — Senate Minority Leader Charles E. Schumer on Tuesday promised to use a legislative maneuver to force a Senate vote to bolster states like New York in their efforts to blunt the cost of Congress capping the so-called SALT deduction in the Republican tax law of 2017. “Taking away the SALT deduction was brutally …

Oct 2019

A day in the Village of Hamburg: It’s sweet and it’s historic

    The historic Village of Hamburg, just south of Buffalo, has a long history predating its formal incorporation in 1874. Surveying in the area began in 1798, and the first lot was purchased in 1806. When the British burned Buffalo in 1813, many of the city’s residents fled to the village. Today, many buildings …

Oct 2019

Jackson County completes all 22,000 informal reviews of property tax assessments

KANSAS CITY, Mo. — Jackson County is now finished with the first phase of reviewing disputes over the big spikes in property tax assessments. All 22,000 informal reviews, representing just more than 7% of all parcels, are now completed, and homeowners are seeing the results. It seems to be a mixed bag of results with …

Oct 2019

Appraisal Fee Transparency Act of 2019: Pivotal Point for Appraisers

Keep your eyes open, events are happening fast. Ever since the passage of the Home Valuation Code of Conduct (HVCC) in 2010 and the monumental rise of Appraisal Management Companies (AMCs), one of the main issues appraisers have pressed for is transparency for consumers in terms of the fee split between appraisers and AMCs. Specifically, …

Oct 2019

Standards Board Hears Diverse Opinions about Evaluations at Public Hearing

(Washington, DC) October 18, 2019 – At a standing room only public meeting, the Appraisal Standards Board (ASB), an independent board of The Appraisal Foundation, heard a diverse array of opinions about evaluations. The ASB deviated from its standard meeting format, implementing a Congressional-style hearing with three panels of expert witnesses. The ASB released its …

Oct 2019

Ruscher To Head Real Property Tax Services

From the Orange County Executive’s Office Orange County Executive Steven M. Neuhaus announced on Friday that Eric Ruscher has been named the County’s Director of Real Property Tax Services. “Eric’s experience coupled with his work ethic make him the perfect fit for this important position,” Neuhaus said. “He has distinguished himself during his previous 16 …

Oct 2019

Why Oneida County tax rates could change despite no levy increase

UTICA — Oneida County Executive Anthony Picente Jr. proposed a $439.7 million budget for 2020 earlier this month that featured a zero percent increase to the county’s property tax levy for the seventh straight year. Despite the unchanged levy, however, countywide municipalities are estimated to see their tax rates either increase or decrease from the …