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Month: November 2019

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Bronxville homeowners, scions of wealth, can thank outdated assessments for tax breaks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

Nov 2019

Syracuse officials target property tax inequities reported by Syracuse.com

SYRACUSE, N.Y. – City officials said they are committed to making property assessments more fair and to curbing a widely abused tax exemption, two issues highlighted by Syracuse.com’s reporting on property taxes this year. Representatives of Mayor Ben Walsh told city councilors Friday the mayor will ask the council to pass legislation amending a tax …

Nov 2019

Walmart, Lowe’s among big retailers scheming to avoid Maine property taxes

In a scheme that could lead to millions of dollars in lost revenue for Maine communities, behemoth retailers like Walmart, Lowe’s and Home Depot are looking to bypass state property taxes by arguing that towns should calculate the value of their stores as if they were “dark,” or closed. According to a report from the …

Nov 2019

Viewpoints: Regular property assessments key to tax fairness

Special to The News Property reassessments, in the words of a fellow public servant, are “like going to the dentist.” We don’t like them, but like the dentist, they serve a good purpose. In and of themselves, reassessments do not necessarily mean higher taxes. The professionals say that after a reassessment, on average, one-third see …

Nov 2019

Citywide revaluation doesn’t mean an automatic tax hike

Buffalonians are bracing for the impact of their 2020 reassessments, the new property values based on the first citywide revaluation since 2001. How so? The Common Council recently established a property tax exemption for about 350 low-income senior citizen homeowners in targeted areas who would otherwise be affected by the reassessment. Council members now hope …