What can we help you find?

Author: garadmin

May 2019

GOP blocks move on ‘dark stores’

SOMERS — A decision to table legislation on the “dark stores” loophole Wednesday in Madison was not received kindly by some in the state capital or locally. The tax loophole allows big-box retailers to base their tax assessments on abandoned or shuttered stores, saving them millions of dollars in tax breaks and shifting the burden …

May 2019

Town Explains Property Assessment Protocols

MAHOPAC, N.Y. – It’s tax time again and town officials want to make sure you have the proper information on how your property was assessed this year and how you can challenge that assessment if you believe it is too high. Town assessor Glen Droese, and Dave Barnett, vice president and certified general appraiser for …

May 2019

STAR rebates in New York: Why tax assessors are ‘vehemently opposed’ to new changes

ALBANY – Tax assessors across New York are ripping a new state law that will mean homeowners earning between $250,000 and $500,000 a year will get a check for their STAR rebates rather than receiving an upfront savings directly in their school-tax bills. The measure was tucked into the state budget last month and is the sixth …

May 2019

Buffalo home prices keep rising

Median sale price in April rose 6.3% to $144,501 $160,000 2019 $144.501 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0 1999 2002 2005 2008 2011 2014 2017 Change in price from the same month the year before. Source: Buffalo Niagara Association of Realtors Home prices aren’t rising as fast as they were during the late …

May 2019

Here’s the latest change to the (New York State) STAR tax exemption

Among suburban voters and lawmakers, the STAR school tax exemption is an endless topic of discussion since over the years there have been a number of tweaks to the popular program, which helps homeowners with their school taxes, over the years. This year is no exception. The latest adjustment centers on pushing the program more …

May 2019

To What Extent Does Your State Rely on Property Taxes?

States and localities rely on property taxes as a major source of revenue. In fiscal year 2016, the last year where data is available, property taxes accounted for 31.5 percent of total U.S. state and local tax collections, more than any other source of tax revenue. In the same year, 26 states and the District …

May 2019

Appraisers vs. Machines

Collateral risk analysis (appraisals being a key element of that) is partially art, partially science.  Those two facets are blended inseparably, like a soup…the  ingredients can’t be separated.  While computers can undeniably perform certain tasks better than humans (such as the handling of large amounts of data) appraisers can perform other absolutely critical aspects of …

Apr 2019

2019 WNY Home Stats – 1st Quarter Update

Well here we are with the 1st Quarter of 2019 already over, and lots of great news about how well WNY is doing in terms of jobs, growth and even one of the best places to live in the USA! So how are home sales doing in WNY? Let’s check out some stats! Read more …

Apr 2019

These 10 Cities Will Dominate Home Construction in 2019

Home construction across the United States is slowing down—and the timing couldn’t be worse. The country is already at its lowest point in a decade for housing affordability, due largely to the shortage of homes on the market. In February this year, according to U.S. Census Bureau data, 9.9% fewer homes than a year ago …

Apr 2019

Is the Hudson Valley Turning Into the Hamptons?

For Amelia Sandell, the Hudson Valley was appealing because it was nothing like the Hamptons. Although now, she admits, that argument is getting harder to make. “It feels like the amount of people from Brooklyn who are buying second homes here is growing exponentially by the day,” said Ms. Sandell, 43, who lives in a …