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Month: November 2020

Nov 2020

Property taxes 101: tax rates and levies

Taxes can be a long and confusing process for many – between tax rates, property assessments and tax levies, just how do you get to the numbers on your bill? To break it into the most basic steps, a jurisdiction such as a school, town or county will create its budget and then subtract all …

Nov 2020

Builder confidence reaches 35-year high in November

The National Association of Home Builders and Wells Fargo Housing Market Index, measuring builder confidence, rose five points to 90 in November – the highest score the series has ever recorded since its inception 35 years ago and the third month in its history the score broke 80. Based on a scale from zero to 100, the index gauges builder perceptions of current …

Nov 2020

Niagara IDA approves tax break for Lockport assisted living complex

The sale of an assisted living complex in the City of Lockport will go forward, as the Niagara County Industrial Development Agency approved a 15-year tax package for the new owners Wednesday. The unanimous vote came after the city dropped its opposition to the payment-in-lieu-of-taxes, or PILOT, arrangement for the new owners. The buyer is …

Nov 2020

Lured by luxury deals, diehard New Yorkers are moving south

Ali Malecka was living her ideal post-college life in New York City. She had a dream job with a luxury travel company, an apartment in the East Village and plenty of friends whom she spent her nights and weekends with frequenting buzzy restaurants and bars. “I loved everything about New York,” said Malecka, 25, who …

Nov 2020

Office sector is a ‘big question’ says this commercial real estate veteran

After months of working remotely, the pandemic likely will mark the end of an era for millions of workers who used to face daily, mandatory slogs into the office. That was Clarion Partners CEO David Gilbert on Thursday, about what he sees in store for commercial real-estate markets in the aftermath of the U.S. election …

Nov 2020

Fort Edward approves Slickfin brewery’s beer garden expansion plan

FORT EDWARD — A beer garden is coming to Fort Edward. The village Planning Board approved Slickfin Brewing Co.’s proposal to demolish a building next to the brewery and build a beer garden, at which large events could be held. Among the possibilities are outdoor movies or family-friendly events on a green space that will …

Nov 2020

City Tax Collectors Seek Flying Drone Army to Assess Your Home

City tax collectors are looking to the sky for more revenue — proposing the use of flying drones to do property assessments with an eye on setting up their own pilot certification program. But experts say New York City needs to modernize its drone laws before the plan can take off. Municipalities around the country …

Nov 2020

How Is Artificial Intelligence Used in Real Estate?

Artificial intelligence is a complex topic. While some love it and others hate it, there’s no denying that it’s currently transforming the real estate industry. To that end, here’s what investors need to know about artificial intelligence in real estate. Read it over to learn how AI is being used in the industry as well …

Nov 2020

Cattaraugus County lawmakers surprised to see tax cut in 2021 budget

LITTLE VALLEY — Many Cattaraugus County lawmakers were pleasantly surprised to learn that the $248.5 million tentative 2021 county budget contained a tax cut. County Administrator Jack Searles briefed the Republican and Democratic caucuses on the tentative budget earlier this week. The budget, with a full value tax cut of 83 cents, was released to …

Nov 2020

Once Meccas of Retail Therapy, Now Homes to Elder Americans

George and Pat Ritzinger moved five years ago to a community that few would initially consider a retirement mecca: a former shopping center site in Wayzata, Minn. They had spent the previous 15 years in a townhouse development in the Minneapolis-St. Paul area, yet found the atmosphere chilly. “The neighbors were unfriendly,” Mr. Ritzinger, 85, …

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