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In the News

Feb 2020

Landlord groups predict spike in appeals as tax assessment values city at $1.3T

Landlord groups are disputing new city tax assessments that put the city’s property worth at $1.378 trillion. The Rent Stabilization Association says it expects a major uptick in appeals from owners hamstrung by new rent regulations that they say have decimated their profits. And the Real Estate Board of New York says the whole system …

Feb 2020

NY lawmakers push real estate tax on big investors

New York lawmakers want to close a legal loophole that allows deep-pocketed real estate investors to avoid paying taxes. Sen. Julia Salazar (D-Brooklyn) and Assemblyman Harvey Epstein (D-Manhattan) hope to raise millions to fix the state’s public housing by expanding the mortgage recording tax to capture a percentage of the billions of untaxed dollars real …

Feb 2020

Homeowners hope for property tax relief from reform commission

With the New York City Advisory Commission on Property Tax Reform continuing to recommend reforms to the city’s byzantine property tax system, homeowners are eagerly anticipating the findings of the blue-ribbon panel. “Property taxes are too high. It’s ridiculous. And it’s not just homeowners that are getting hurt. It’s people who rent apartments, too. If …

Jan 2020

Burger Night blues: Bar Louie at Walden Galleria announces closing

There’s now one less alluring happy hour and cheap-burger option at the Walden Galleria. Bar Louie, a bar-restaurant chain open at the mall since 2008, announced its last day was Jan. 25, via its Facebook page. The Bar Louie corporation announced Monday that it had filed for bankruptcy and was beginning the process of putting …

Jan 2020

Erie County to issue corrections, refunds on 2020 tax bills

Erie County officials discovered a calculation error, so now they’re going to issue corrections to any impacted 2020 tax bills. According to a statement on Erie County’s website on Saturday night, Erie County residents will receive corrected tax bills, and people who overpaid on their taxes already will receive refunds. Erie County Executive Mark Poloncarz …

Jan 2020

Bed Bath and Beyond closes Cheektowaga store

Bed Bath and Beyond has closed its store in the Union Consumer Square in Cheektowaga, part of a downsizing effort by the home goods retailer that will shut 40 stores across the country during the first half of this year. The retailer still has four stores in the Buffalo Niagara region – in Niagara Falls, …

Jan 2020

Bill seeks to bar large retailers from using the ‘dark store loophole’ in property tax battles

With Brunswick embroiled in a lengthy dispute over the value of the Cook’s Corner Walmart, one Brunswick town councilor is trying to keep big box stores from locking other communities in similar property tax battles. “Big Retail and their army of lawyers and lobbyists have been using something called the ‘Dark Store Theory’ where they …

Jan 2020

NYC billionaire, Amherst spar over park at ‘zombie’ gas station site

New York City billionaire John A. Catsimatidis, whose United Refining Co. owns a deserted former gas station in Eggertsville, objects to the Town of Amherst’s plans to take over the property and convert it to a pocket park. Amherst has 41 parks, he argues: Why do they need 42? Supervisor Brian J. Kulpa – whose …

Jan 2020

Persistence Prep seeks to move into former P.S. 62 building

A two-year-old Buffalo charter school plans to relocate from its temporary rental space on Michigan Avenue to a boarded-up former public school building at the corner of Urban and Moselle streets, which it will redevelop into a permanent location for its K-8 program. Persistence Preparatory Academy Charter School is asking the city to approve a …

Jan 2020

Tax bill to drop for Southgate Plaza under settlement

The owner of Southgate Plaza in West Seneca will pay about $75,000 less in taxes under a settlement that ends a six-year-old challenge to the worth of the property. Southgate Associates agreed to drop its challenge to the assessment dating to 2014, and the Town of West Seneca, West Seneca Central School District and Erie …