This is only a small handful having to do with downtown. This is information taken from the county records. I would have used links, but the link I tested just brought me to the main page regardless that I copied and pasted.
Parker Building 434 State St Assessed for almost $2 million, looks like it has a 35% tax exemption because of historic. Gee, what residential owners get exemptions because their houses are old? Ends 2012. Predated Savage
P T Development LLC 432 State St If you look up Proctors---on their website, in the yellow pages, etc, the address is 432 State St. To look at the records, it seems it is recorded incorrectly. The description is “detached row building” and it has indicated that the full market value is, get this, just $100! Of course, it is wholly exempt, exemption started in 2008 with no end date. What puzzles me is that there is no way in hell that this building has a full market value of just $100. ALL property always has a real full value and then the assessment which is a portion (or more) of the full value based on the equalization rate. Then exemptions are take from the assessment value. Like a church might be assessed for $500,000 and have an exemption for $500,000. That is, the assessment on a non-profit would never be $0 or something. This 432 State St is listed as full market value AND assessed value at $100.
P T Development (without the LLC) 430 State St. Looking at the tax map, this property very clearly is the former Carl Co. The property description is “attached row bldg.” This huge property also is indicated to have a full market value and assessment value of $100, again, wholly exempt, starting in 2008 with no end date.
Hampton Inn – 450 State St. It is assessed for $8,763,500. Yes, that is almost $9 million, nine million dollars. The place gets an exemption in the amount of $6,134,450 which is roughly a 70% exemption. Why???? A for profit business, a business that is worth hundreds and hundreds of millions of dollars; Hampton and Hilton are basically one company, a worldwide company. But we pay most of their property taxes. A very very generous gift from Savage to a super rich business while Savage causes our taxes to go up to cover the cost of the tax exemption
Bombers, 447 State St. A for profit business. Now how do they do this one? It’s assessed at 100%, the assessed value is $531,000 but it gets an exemption of $774,000? So, I guess the taxpayers are giving Bombers a check on the date we pay our taxes? The roughly 150% property tax exemption has a start date of 2010 and no end date. A very generous gift from Savage which causes the taxes of the residential homeowners, struggling financially, to cover the cost of the taxes.
Center City – 433 State St. assessed for $6.3 million and WHOLLY exempt – a Savage gift we have had our taxes increased for.
DOT Building. 328 State St. It’s assessed for just over $10 million, has an exemption of about $1.4 which ends in 2012 – predated Savage’s big free wheel spending
Bow Tie theater. 400 State St. Assessed for $7.5 million, it’s a for profit-business, and it pays taxes on only $525,000, meaning it has a 93% tax exemption started in 2007 - there is no end date. Another generous gift from Savage to a for-profit business---causing the struggling seniors on fixed incomes to pay the taxes
that Paul Mitchell cosmetology school, a for profit business. 411 State St Assessed for $2,207,500 Wholly exempt, exemption ends in 2025 (after all the taxpayers have left the city) – a Savage gift to a for profit by causing our taxes to increase to cover the cost of the well-heeled.
R & S Restaurant Holdings 411 State St. This is Nico’s Pizza – long time business downtown, assessed for $430,700 predating Savage, no tax exemption
Arts Center and Theater 436 State St. Property class is “bank”, so we all know. Assessed for $538,900, wholly exempt, a Savage tax increase on the struggling overtaxed residents of the city, started in 2010 and no end date
OTB – 325 State St. Assessed for just under $1.4 million, and wholly exempt!??!?!
Rudnicks. 308 State St. Assessed for $334,200. Very very long time downtown business. No exemption, not that I would expect them to have one, but here’s a business that stayed through the worst, and they foot their whole bill, and surely their profit and income is only a teeny fraction of these well heeled political cronies buddies of Savage, so their reward for hanging in there is to keep paying the taxes and subsidize the Savage’s buddies
Villa Italia. 226 Broadway. Very very very wealthy family and business. Assessment $815,500. Wholly exempt from property taxes – no end date to exemption. A Savage gift to a rich political crony, resulting in a HUGE tax increase to the struggling homeowners in the city.
Marcella’s Appliances. 560 Broadway For profit business, in business in the city for a long time. Brand spankin new building. Assessment $2,275,300 Wholly exempt from taxes – a Savage project
38 Broadway - I think this is Pinhead Susan’s – Assessment $385,615 A small exemption of just under $14,000 and that ends in two years – project predated Savage (who gives out 100% exemptions)
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
None of these well-heeled contributors to the power-elite democraps got any benefit from the taxpayers. Cough.
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
MC1 shows us all why the city is in such terrible shape financially and yet SOS and company will not address the problem. Notice that there's no argument from the peanut gallery, it's hard to dispute the facts.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Gee, DV is strangely silent on this thread. Speechless.
Bet he's printed this out and he's running to Savage in the hopes that she'll shut down that portion of the county website
And maybe he'll even post on this thread but avoid the facts and try to change the subject.
Or he'll say, "the businesses pay sales tax." Uh, WE pay sales tax ON TOP OF our already-too-high property taxes, school taxes, special municipal taxes and fees depending on municipality, then all the taxes paid to the state & fed, it never ends.
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
When they get these Empire Zone deals they get some certificate to present to places they buy thing, say fixtures or office equipment, and they only pay half (4%) of the sales tax too.
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
I've started to tell people all around schenectady county about this. They clearly DID NOT have a clue and are pi$$ed!! They believed everything they read in the gazette!
Get the word out folks!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Mike did you get the records from going to the county building or from a website somewhere. You mention you couldn't get the county site to work. It is unclear where how you gathered your facts.
They sure sound realistic knowing this county and city.
My question is, Metroplex must have worked with the Leg and the City to allow such tax breaks to businesses, but is that legal? Who has the authority to allow businesses to avoid paying County and City tax for years? Metroplex has given millions of dollars to the downtown Schenectady businessess, but how are they allowed to furnish them with a 0 tax incentive?
If the taxpayers are to fund the paving, lighting, sidewalks and "renaissance" of downtown, shouldn't the taxpayer have this information PRIOR to that deal happening?! Metroplex is funded with County funds and therefore the entire County should have the right to vote or have the information about such tax breaks.
Logged
WOW! Thank you MC1. We knew it was bad but nobody thought it was this bad. What an outrage from SS Savage/Death Ray/Mayor SOS. 
