New York City Property Taxes Rise as Coronavirus Pushes Values Down
New York City property owners owe $1.65 billion more in property taxes than they did last year, despite a pandemic that has hobbled real-estate values. A
June 2, 2020
New York City property owners owe $1.65 billion more in property taxes than they did last year, despite a pandemic that has hobbled real-estate values. A
Jessica Chamorro’s dream of owning her first home was upended in March after she was furloughed from her catering job at a hotel chain in
One of the few silver linings for real estate in the middle of this devastating coronavirus pandemic has been record-low mortgage interest rates. And housing
A group of telecommunication companies can’t decrease the local assessments of their New York fiber optic property to zero because the property is taxable, a
Home goods retailer Pier 1 Imports said Tuesday it is seeking bankruptcy court approval to wind down its business entirely after it was not able
It’s Amazon. The online retail giant is the “mystery tenant” that will bring at least 1,000 jobs to Clay. “The biggest secret in all of
Several owners of lakeshore lodging businesses are unhappy with a townwide revaluation that includes large increases in their assessments, as they struggle with an economic
A “tidal wave” of buyers are fleeing the coronavirus-ravaged concrete jungle for Connecticut, creating an unexpected uptick in the real estate market, according to a
Hampshire Recreation LLC got what it asked for and what it expected on May 6 when the Village of Mamaroneck Planning Board rejected its plans
Airlines have gotten a lot attention when it comes to the stunning economic fallout from the coronavirus pandemic. Airline passenger revenue is likely to drop
Fannie Mae’s Economic and Strategic Research (ESR) group says it expects the U.S. gross domestic product (GDP) to decline by 35 percent (annualized) in the
As some states reopen from the nationwide coronavirus shutdown and open houses reemerge, buyers are coming back to the housing market much faster than expected.
Mortgage rates have held steady for the past three weeks, a remarkably calm period after early spring’s wild swings According to the latest data released
Silicon Valley workers are rethinking their sky-high rents and considering moving now that major tech companies won’t reopen their offices this year. Facebook and Google
Starbucks Corp. is asking its landlords for rent concessions for a year at some of its company-owned locations, to offset the damage the coronavirus pandemic has
A Czech billionaire has bought a 5% stake in Macy’s, looking to reconfigure the company and turn a profit amid a retail reckoning. Daniel Kretinsky, one
The owners of a landmark resort on Canandaigua Lake say they are closing it down and making it their personal property. The Bristol Harbour Resort
COVID-19 has had a devastating effect on the economy, financial markets and real estate values. This article will provide the technical and factual information on
The coronavirus has not treated all asset classes equally, and neither will a recovery. On Wednesday’s Walker Webcast, real estate economist and professor Peter Linneman and
As many city dwellers ride out the coronavirus pandemic in their apartments, there’s a sudden rush on real estate in the suburbs. “I would describe
The average rate on the popular 30-year fixed mortgage just fell to 3.09%, a record low, according to Mortgage News Daily. A weaker-than-expected read on
Thousands of people who own property in suburban Syracuse are being notified that the assessed values of their homes, businesses and farms are increasing. It’s
From the office of Representative Antonio Delgado: Decreasing Revenues During The Pandemic Are Leaving NY’s Local Governments Strapped; Dedicated Federal Funding for Local Communities Would
The developer and construction manager behind a planned new hotel in downtown Niagara Falls are poised to start work as soon as New York Gov.
Ford’s stamping plant in Hamburg will resume production on May 18, as part of a wider “phased restart” of the automaker’s factories. The Route 5
The coronavirus crisis has ravaged not only the nation’s economy, driving down the stock market and pushing roughly 16 million people into unemployment, but its
On May 1, many towns published their tentative assessment roll as required by the Real Property Tax Law.[1] However, the Governor of New York issued
The Town of Canton Board of Assessment Review will be hearing resident’s complaints over property tax assessments this year while still complying with the state’s
Noco has launched a new division called Noco Enterprises, focusing on business acquisitions and new market opportunities. Noco’s president, James Newman, views the entity as
The Newfane Pro-Am Golf Course, a nine-hole par-3 course in business since 1993, is for sale. David Doerr, an associate broker with Hanna Commercial Real
