WFL - May General Meeting: Topics of Interest to Private Property Land Owners- New York State Real Property Tax Law (RPTL)

May General Meeting

Tuesday, May 14, 2019 at 7:00 p.m.

Topics of Interest to Private Property Land Owners-
New York State Real Property Tax Law (RPTL)


Location: United Church of Christ, 8758 Main Street, Honeoye (or Richmond) NY14471


Nick Jensen, one of our WFL chapter members, will be bringing his expertise to our general meeting scheduled at the United Church of Christ in Honeoye, NY on May 14 at 7 pm at the United Church of Christ in Honeoye, NY. Nick and his family live on a 100 acre farm in Prattsburgh where they manage several conservation programs.Their acreage is divided between 40 acres of mature forest, 40 acres of meadow, and 20 acres of young forested land. Their woodlot goals include sustainable harvests, bio-diversity, and hunting.

Nick is employed at John Ullman & Associates. He brings over 25 years of experience in public accounting along with industry experience including client service, auditing, accounting, tax preparation, credit & collections, software implementation, data governance, fixed asset management, and treasury management.

Many NYFOA members are familiar with section 480a of the New York State RPTL. Many are not aware of the other areas of the NYS RPTL that should also be on one’s radar. These include: §425 School Tax Relief (STAR) Exemption; §481 Ag Exemption; and §487 Renewable Energy Systems among others. The purpose of this talk will be to view the RPTL from a macro level and unpack some areas that may be of interest to you. We will touch on how these laws impact local communities. We will also discuss the logistics and timing of taking advantage of these property tax breaks and where to go for help.If time allows, we can also discuss the legislative process in Albany and the path that the 480(b) proposals have to navigate before becoming law.All are welcome.

There is always plenty of time allowed for questions and answers as well as snacks and conversation.


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