7/05/2011Posted by MJ
The Buffalo News reported that the assessment grievances have been heard and adjustment decisions will be made by this Friday:
The city’s Board of Assessment Review will convene behind closed doors Monday night to begin the process of adjusting assessments, after conducting more than 250 hearings over three days last week.
A lot of the "pain" and litigation would be removed if the city created a taxation system that charged more for use and rewarded investment. Basing it off of mostly arbitrary valuations causes only frustration and anger from property owners and assures our slow slide downward as any investment is quickly punished for higher taxes.
In all, more than 350 grievances were filed during Lockport’s first citywide reassessment in 10 years. Not all of those who filed requested live hearings, City Assessor Joseph Macaluso said.
Macaluso said the legal deadline for the five-member board to complete its work is Friday. “I’m sure we’re going to have some further litigation [after that],” he added...