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In the News

Aug 2019

Seniors who forgot to verify income find Enhanced STAR suspended

LITTLE VALLEY — More than 500 senior citizens in Cattaraugus County have received letters from the state Department of Taxation and Finance seeking to verify their income for enhanced STAR eligibility. This is the first year since the state took over the STAR (State Tax Relief program) and Enhanced STAR, and the state sought to …

Aug 2019

De Blasio’s property tax commission faces uphill battle in fixing lopsided system

Over the past year, the city has sought to figure out how to solve long-standing problems with the notoriously lopsided property tax system through old-school representative democracy: asking New Yorkers what they think. After five lengthy public hearings last year, it turns out New Yorkers across the city are in agreement: They all think they …

Aug 2019

State lawmaker stops Westchester, Dutchess land taxation bills, seeks statewide solution

In 2004, Assemblywoman Sandy Galef sponsored the bill to tax all of Putnam County’s state land. Now she wants a statewide solution to resolve the similar issue in Westchester and Dutchess counties. Tax Watch columnist David McKay Wilson reviews attempts to bring equity to New York’s property tax system.  The push for tax equity in …

Aug 2019

5 things to know about the tight Buffalo housing market

The Buffalo Niagara housing market is still tight, but there are signs that the upward pressure on home prices is losing steam. Home prices still are rising at a moderate pace – and the median sale price in July hit a record high – but the pace of the increase is half of what it …

Jul 2019

Bad sign for commercial real estate: The architecture business is slowing down

All aspects of the architecture business are suddenly slowing, indicating an overall weakening in commercial real estate demand. A key read on the industry, the Architecture Billings Index, fell into negative territory in June, according to the American Institute for Architects. Inquiries for new projects hit a decade low, while design contracts also fell. “With …

Jul 2019

Binghamton North Side’s Town & Country Apartments site of $38 million renovation project

In 2014, 19-year-old Scott Wright Jr. was shot during a Fourth of July party at the Town & Country Apartments complex on Roberts Street in Binghamton, days after his high school graduation. He died from his injuries three days later. Neither Wright nor his killer, Andre Lee, lived at the apartments, but the crime’s setting prompted …

Jul 2019

Investor group buys more Cheektowaga apartments

A local investment group has acquired its second cluster of apartments in Cheektowaga, spending a total of $2.8 million in the past month to buy apartments on Concord Drive and Huth Road. Acting through Concord Huth LP, the group that includes Ben Friedland and Roman Brailovski paid $1.8 million in June for apartment buildings located …

Jul 2019

City (Geneva) gets ready for reassessment

GENEVA — Mention the word “reassessment,” and some taxpayers will shudder. They assume it means higher property taxes. That’s not the case, Assistant City Manager Adam Blowers told City Council last week. Blowers said an equalization rate of 93 percent means someproperty owners are under-assessed, and it means others are picking up the tab for …

Jul 2019

Hudson Valley Homebuyers Shun Luxury, Seek Affordable

Two new reports looking at the state of real estate in the lower Hudson Valley describe a housing market that has weakened at the top while staying strong at the bottom. “Residential sales for the second quarter in the lower Hudson Valley region served by the Hudson Gateway Multiple Listing Service Inc. were very much …

Jul 2019

Nassau County Republicans Propose ‘Taxpayer Bill Of Rights’ To Combat Property Tax Reassessment

MINEOLA, N.Y. (CBSNewYork) — The massive property tax reassessment on Long Island earlier this year could force thousands of residents to pay thousands more in property taxes next year. Now, several homeowners are teaming up with local lawmakers to make sure they aren’t caught off guard again, CBSN New York’s Jennifer McLogan reported Monday. Some …