BUFFALO, N.Y. (WKBW) — City of Buffalo residents gathered at the Frank E. Merriweather Library Saturday to discuss the possibility of property tax hikes due to the rising property values in certain neighborhoods.
"Home values in some parts of the City have changed drastically in the last 10 years," said Allentown Association member Jonathan White. "Certain neighborhoods, including Downtown, Allentown, and areas on the West and East sides, are becoming hot markets—with many homes worth double or triple what owners paid for them. For example, according to the City’s OARS website, average sales in the neighborhood west of Grant Street are $100,000, while those homes’ average assessed value is $33,000."