In the News

DEMOCRAT AND CHRONICLE • December 14, 2009
Paterson to Delay Payments to New York Schools, Cities
TIMES HERALD-RECORD • December 11, 2009
State Aid Cuts Send Districts Scrambling
WXXI • December 11, 2009
Police and Fire Services Commonly Placed on Budget Chopping Blocks
NORTH COUNTRY GAZETTE • December 10 2009
Tier V Pension Reform Now Law
TIMES UNION • December 2, 2009
Aid Delay Costly to Cities
NEW YORK TIMES • July 7, 2009
Pension Costs for Local Governments May Triple
BUFFALO NEWS • March 22, 2009
Police, Fire Pensions are Challenged
BUFFALO NEWS • March 12, 2009
Public Employees May Get Days Off to Give Blood, 'Participate in Children's Education'
NEW YORK POST • December 18, 2008
Why Pension Reform is Fair & Vital
THE POST JOURNAL • December 1, 2008
Stop The Tax Shift: Mayors Across New York State Make Online Plea
TIMES UNION • November 30, 2008
Sharpen Your Pencils
RNEWS • November 16, 2008
Web Site Helps Educate Taxpayers
ADIRONDACK DAILY ENTERPRISE - November 14, 2008
State's Mayors Join the Fight Against Rising Property Taxes
THE NEW YORK TIMES • November 12, 2008
Paterson Calls for $5.2 Billion in Budget Savings
NY PUBLIC PAYROLL WATCH DAILY UPDATE • November 12, 2008
Mayors: Compulsory Arbitration Drives Up Taxes
WATERTOWN DAILY TIMES • November 12, 2008
Mayors Put Plea to State on Web
THE PRESS REPUBLICAN • November 11, 2008
Mayors Use Web in State-budget Campaign
WXXI • November 11, 2008
Groups Gear Up to Fight Paterson's Cuts
TIMES UNION BLOGS • November 10, 2008
Mayors Unveil ‘Stop the Tax Shift’ Web site
LOHUD.COM • November 10, 2008
Mayors and “Joe Taxpayer” Launch Web site

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Restriction on Assessments for Condominiums and Cooperatives

The Mandate: Section 581 of the Real Property Tax Law and Section 339-y of the Real Property Law create a de facto exemption for most properties held in condominium or cooperative form of ownership. These laws, in essence, mandate that condominiums and cooperatives are to be valued for purposes of the real property tax by using a capitalization of income or cost approach. A comparable sales approach, which is used for most residential properties and is based upon the sales prices of individual units, may not be used.