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New York Commercial Real Estate Owners in the Town of Amherst Face Crucial Reassessment

Tax Development Mar 13, 2024

New York Commercial Real Estate Owners in the Town of Amherst Face Crucial Reassessment

Property owners in the town of Amherst, New York in Erie County received reassessment notices this week, revealing significant valuation increases. With a seven-year gap since the last assessment, uncertainties surround property values because of dynamic shifts in the real estate landscape.

As the deadline for filing grievances approaches, property owners must act promptly to secure fair and accurate assessments.

The new assessments will be finalized July 1, 2024, and used for the school tax bills due in October 2024 and the Town and County bills due in February 2025.

The local experts at Ryan are the most experienced professionals in the state of New York with both industry and property type expertise. Our professionals are more valuation focused and proactive than law firms, and our relationships with the jurisdictions and assessors translate into maximum tax savings realized for clients.

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TECHNICAL INFORMATION CONTACT:

Paul Steimle
Principal
Ryan
716.998.5300
paul.steimle@ryan.com

The material presented in this communication is intended to provide general information only and should solely be seen as broad guidance and not directed to the particular facts or circumstances of any individual who may read this publication. No liability is accepted for acts or omissions taken in reliance upon the content of this piece. Before taking (or not taking) any action, readers should seek professional advice specific to their situation from Ryan, LLC or other tax professionals. For additional information about this topic, please contact us at info@ryan.com.