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Month: November 2019

Nov 2019

Outdated Orangetown assessments a boon to some Piermont businesses and homeowners

Orangetown has not updated its assessment rolls in 33 years and comparing those values to up-to-date assessments in the town’s village of Piermont reveal large discrepancies.  Tax Watch columnist David McKay Wilson visits Piermont, where inequities in New York’s property tax system are revealed.  Property taxes depend on the value of real estate. But that …

Nov 2019

Roswell Park moves ahead with plans for 590-spot parking ramp

Roswell Park Comprehensive Cancer Center is moving ahead with plans to add another parking ramp to the Buffalo Niagara Medical Campus as it sees a growing demand for medical treatment and a resulting increase in staffing. The cancer hospital and research center wants to construct a seven-story garage with 590 spaces for its employees at …

Nov 2019

DL&W corridor project gets a name: ‘The Riverline’

The DL&W corridor project – a 1.5-mile stretch of abandoned rail line from Canalside to the Buffalo River near the Tesla plant – now has a name. The Western New York Land Conservancy announced the nature trail and greenway will be called “The Riverline.” Three sections of the trail also will have names: “the Del,” …

Nov 2019

Congrel selling sprawling Savannah Dhu conference center foe $65 million

Syracuse, N.Y. — Mall developer Robert Congel is selling his nearly 4,000-acre Savannah Dhu hunting lodge and conference in Wayne County for $65 million. The property is listed for sale on Sotheby’s International Realty’s website. Set on 3,929 acres in Clyde, 38 miles west of Syracuse, Savannah Dhu boasts 25,000 square feet of interior space, …

Nov 2019

Queen City Landing project revised with 20 floors at Outer Harbor

The Queen City Landing proposal on Buffalo’s waterfront is back. Developer Gerald Buchheit has redesigned his project to bring an apartment tower to the Outer Harbor, reducing its height to 20 stories and moving it farther from the water’s edge. That’s designed to make more efficient use of the space, while reinforcing his commitment to …

Nov 2019

News10NBC Investigates: Empty building once pegged for AIM Photonics finally sold, back on tax rolls

GREECE, N.Y. (WHEC) — An empty building that was overgrown with weeds in the summer was finally sold last week. Why are we telling you about it? Because just a few years ago the property was so important the Vice President came to tour it, and News10NBC found out now that it sold, it means …

Nov 2019

Will Canada Adopt a Vacancy Tax Throughout the Entire Country?

Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question.  Q. Will the vacancy tax in British Columbia spread through to the rest of the country?  A. Prime Minister Justin Trudeau announced in September a proposal to add a 1% annual countrywide tax on homes owned by …

Nov 2019

Syracuse council considers closing tax loophole worth millions to some developers

SYRACUSE, N.Y. – Syracuse buildings worth more than $100 million that have avoided taxes by using a lucrative exemption would not have qualified for that tax break under new rules the city council is considering. Mayor Ben Walsh’s administration today proposed an amendment to tighten up the so-called 485-a property tax exemption, which city officials …

Nov 2019

With ‘flip tax,’ a push to save affordable homeownership

Homeowners united with housing advocates and local officials on the steps of Brooklyn Supreme Court this week to unveil a set of principles aimed at preserving affordable homeownership, including a measure that would tax any investor looking to make a quick buck on the borough’s booming real estate market. “The Homeowner Bill of Rights” was …

Nov 2019

Report: County property values among fastest rising in state

OSWEGO  — Property values in Oswego County are up by more than 10 percent in the last two years, putting it among the top counties in the state by that metric. In a report released this week, New York Comptroller Thomas DiNapoli said localities around the state have levied $36.6 billion in property taxes — …