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Month: November 2019

Nov 2019

Initiative shows entrepreneurial spirit is alive and well on East Side

  Promise to help them build it, and they will come. In fact, about 30 of them came out, not for a fictional baseball field, but to create the business – and build the business district – of their dreams along one of Buffalo’s East Side commercial strips with help from the Buffalo Billion II …

Nov 2019

State comptroller reports largest one-year property tax jump since 2014

A new report from the state comptroller’s office Tuesday indicates the highest one-year increase in state property taxes in five years. So far this year, local governments have imposed $36.6 billion in property taxes – excluding New York City – amounting to a 2.4 percent bump from 2018. That’s the largest one-year change since 2014, …

Nov 2019

Should your taxes go down if you lose land?

WATERTOWN, N.Y. (WWNY) – You pay taxes on your land. But if you have less land because of erosion from flooding, should you pay less in taxes? That question was raised at a town of Henderson board meeting Wednesday night. Jefferson County Legislator Bobby Cantwell, who represents the towns of Clayton and Cape Vincent, says …

Nov 2019

Opinion: Court of Appeals case flips over tax grievance challengers

              The New York Court of Appeals recently decided a case which will dramatically change the requirements for initiating review of real estate tax assessments, triggering additional concerns that property owners in New York State should consider when drafting lease agreements. In Larchmont Pancake House v. Bd. of Assessors, …

Nov 2019

Walmart sues 32 Colorado counties in attempt to shrink tax bills

Walmart has sued just about every county in Colorado where the corporate giant has a store location, an aggressive legal tactic many big-box retailers are taking in an attempt to shrink their property tax bills. Every year, Colorado county assessors are tasked with taking inventory of a business’ personal property – such as furniture, cash …

Nov 2019

Judge says Seneca Nation must fork over $255M in withheld casino revenue to New York State

It’s a big casino win for New York State. A federal judge in Buffalo ruled on Friday that the Seneca Nation needs to follow an arbitration panel’s finding and hand over $255 million in casino revenue payments the tribe has been withholding from the state. The tribe had been withholding payments to New York since …

Nov 2019

Bronxville homeowners, scions of wealth, can thank outdated assessments for tax breaks

In southern Westchester County perches the well-appointed village of Bronxville, a square mile in size, in a county that pays among the highest property taxes in America. Here, titans of Wall Street, partners of white-shoe Manhattan law firms, physicians who lead departments at New York’s most prominent hospitals and Roger Goodell, commissioner of the National …

Nov 2019

Eastchester, supervisor protect Bronxville, stand strong against revaluation

For Eastchester Town Supervisor Tony Colavita, it’s not worth the bother to undertake a revaluation of town property so that an estimated $300million in Bronxville real estate that doesn’t get taxed by the town of Eastchester, the Eastchester Fire District and Westchester County would get taxed in the future. Eastchester has not conducted a revaluation …

Nov 2019

Buffalo is booming

Buffalo’s waterfront, centered on Canalside, is currently in the midst of a transformation and revival. The area has a rich history to draw upon and is considered a historical treasure. The Buffalo waterfront is currently the focus of many projects as the area is rapidly becoming a destination for recreation, entertainment, sports, dining and a …

Nov 2019

Vernon Hills Shopping Center sold for over $125 million

The Vernon Hills Shopping Center in Eastchester has been sold to a private real estate investment firm which has a retail, hotel and office portfolio encompassing more than 100 buildings valued at $14 billion. The shopping center at the Eastchester/Scarsdale line was bought by New York City-based Ashkenazy Acquisition Corp. (AAC) from Vernon Hills Shopping …

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