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Buffalo

Use of a controversial property tax exemption for commercial projects in Buffalo keeps growing, according to a new report by a government watchdog group that has criticized the way developers have used the lucrative program. The Public Accountability Initiative projected the total value of the 485-a tax break in Buffalo at $66.9 million between this year and the end of …

Buffalo

Some of Buffalo's biggest and most active real estate developers are among the largest beneficiaries of a special city property tax exemption — one that is frequently used in Buffalo, but is not well-known, understood or monitored by taxpayers. That's the conclusion of a new report by an advocacy group, which is raising concerns about the lack of oversight and potential…

Buffalo

Buffalo officials are preparing to unveil a new – and likely more lucrative – property tax exemption program for real estate projects that would give city officials more control over incentives that could be narrowly tailored to fit a development's needs. Details of the new program are still being finalized. But Brendan Mehaffy, executive director of the Office of St…

Business

To claim or not to claim. That is the question for several thousand Western New Yorkers who prepaid their 2018 property taxes in December, hoping to be able to deduct them from their taxes on their 2017 returns, using the old rules. The prepayments had to be made by Dec. 31, 2017, in order to qualify at all, so it's too late to do so now if you haven't already. But w…