Builders defend tax law that gives condo owners a break; critics look to close ‘unfair’ loophole (NY)

/ Owner - July 27, 2021

Sean and Linda Walsh live in a ranch-style home along a bike trail and on the edge of Lorall Lake in Lancaster. Their assessment is $540,000, a figure that matches the home’s fair market value.  Just 4 miles away, a similar home has the same $540,000 market value but an assessed value of $328,000.  So, while the Walshes pay $14,112 in county, town and school district property taxes annually, the owners of the other home pay $8,422.     Read the entire article……………………………….

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