Sep 19
2019
Assessing Buffalo’s property reassessment
If you’re a homeowner in the City of Buffalo, you received a love letter from City Hall this month: your new property value assessment and an estimate of your new tax bill in 2020. Rarely have residents demonstrated so much interest in their neighbors’ mail: Whose values went up? Whose went down? By how much? How did the value of my house go up but my taxes go down? Who determined these numbers and how? It is the first citywide reevaluation of city properties since 2001, a period in which real estate values in some city neighborhoods have doubled or even[...]