Skip to Main Navigation

The Buffalo News

Web Search
by YAHOO! SEARCH

Hearing today on North Tonawanda tax breaks

Published:November 23, 2009, 9:10 AM

Font Size:
  • E-mail
  • Share
  • Print

Updated: August 21, 2010, 3:13 AM

NORTH TONAWANDA — A public hearing will be held today in City Hall on a proposal to give tax breaks for owners who turn commercial buildings into multiple-use properties.

The proposed law, already approved by city lawmakers, would give property tax breaks for 12 years for improvements worth at least $10,000.

Under the proposal, the entire value of the improvements would be kept out of an assessment for the first eight years. In each of the next four years, assessments would increase by 20 percent of the value of the improvements.

In the 13th year, the property would be fully assessed.

The proposal was introduced by First Ward Alderman Dennis M. Pasiak and Third Ward Alderwoman Nancy A. Donovan. It passed the Council by a unanimous vote Nov. 3 and has been supported by Mayor Lawrence V. Soos.

The measure allows city residents to get the break on both their county and city taxes and had to be passed locally for the county exemption to become available. The Niagara County Legislature passed the measure in April.

“Many of our old neighborhoods are beginning to show real signs of wear and age,” Pasiak said in a statement, “and if we don’t take steps to help landowners improve their properties, then North Tonawanda may begin a real slide.”

Donovan said the measure, which requires commercial and residential uses for a property considered nonresidential, encourages owners to make improvements without initially penalizing them for doing so.

“This law will encourage building owners to help us fight blight by making their properties more appealing without fear of an increase in their assessment,” Donovan said.

City officials have said they believe the law could go a long way in helping several areas in the city, including sections of Oliver Street.

Niagara Falls already has enacted a similar measure.

Today’s public hearing will begin at 5:30 p. m. in the Common Council Chambers in City Hall, 216 Payne Ave.

Under city law, the mayor’s office holds a public hearing after the Council enacts a measure.

The law will become effective once it is filed with the state Department of State.

Comments

There are no comments on this story.

The Feed / What’s Happening Now

Latest Updates
Most Commented
Most Viewed
Sabres & NHL

Sabres show some gumption in beating Bruins

Batavia/Genesee County

Woman, 24, found dead in car

East Side

Police raids target massive drug ring

Courts

White firefighters are awarded $2.7 million in bias case

Bills & NFL

Bills hire a quarterback mechanic in Lee

City & Region

Catholic institutions here cover birth control

Student illnesses in Le Roy

Answers to the many questions in Le Roy

Bucky Gleason

Sabres find the missing ingredients

Rod Watson

Lady Justice’s blindfold gets thrown away

Newsroom Tips

Have a news tip you think The Buffalo News should investigate?

Call The News tip line at 849-4475 or email us at investigations@buffnews.com.

All calls and emails will be kept confidential.

Buffalo Marketplace

Marketplace videos

Watch the latest offers, products and services from our advertisers.

Browse our print ads

It's the ultimate advantage for Buffalo consumers. Never miss another ad again!

Buffalo Savers: coupons

Buffalo coupons at your fingertips.
Just click and print. It's Easy!

close

Browse our print adsclose

Special Sections

Buffalo Saversclose

Local coupons

Featured coupon

Latest Blogs

Buffalo News Live

Breaking down the USDA plant hardiness zone map

Prep Talk

PrepTalkTV: Big night for St. Joe's on court & ice, plus more highlights & a look at hoops' final week

Campus Watch

Niagara-Siena Game Analysis

Sports, Ink

This Day in Buffalo Sports History: Quirk of fate

SulliView

So, a supermodel and a quarterback walk into a bar...