What does the future hold for power plants in New York? If the AES Energy Plant in Somerset, New York is any indication, the future appears to be bleak. High coal prices and low wholesale prices for electricity have conspired together to form a volatile business environment in New York State for coal-burning power plants, leaving many… Continue Reading
Monthly Archives: July 2012
Service Snafus – Fatal to Your Real Property Tax Assessment Challenge
Posted in Assessments, School DistrictsFor those taxpayers who grieved their 2012 real property tax assessment before a local board of assessment review, but were denied relief, the time period to pursue that challenge in court expires soon. Taxpayers (and their representatives) who choose to file a petition in Supreme Court need to be wary of service requirements or risk dismissal of… Continue Reading
No RP-5217? No Tax Bill for You! – A Utility Nightmare
Posted in Assessments, UtilitiesNew York Real Property Law (RPL) Section 333(1-e) requires county clerks to collect a New York Real Property Transfer Report (RP-5217) before “any conveyance of real property affecting land” is recorded. Specifically, an original RP-5217 “must accompany all deeds and correction deeds.” Why an RP-5217? Practically, the RP-5217 notifies county officials and local assessors of changes in ownership… Continue Reading
Property Tax Assessment Appeals: On The Rise Everywhere
Posted in Assessments, ValuationProperty owners across the nation are not sitting idly by any more. It appears more and more individuals and corporations have noticed that waiting for the government to fix their property tax issues is not going to get the job done when all seem to be suffering financially. To that end, a recent Chicago Tribune article about the large… Continue Reading
School Districts Must Pay Public Library Share of Tax Refunds
Posted in School DistrictsThe judicial resolution of tax certiorari cases may obligate certain taxing jurisdictions, including school districts, to pay refunds associated with the overpayment of any taxes. When faced with the payment of refunds, school districts often ask whether the district must refund any amounts collected by the school district on behalf of a public library. In an era where money is… Continue Reading