In a unanimous decision, the Erie County Legislature has recently approved a resolution that brings much-needed tax relief to homeowners in the area.
Erie County Legislature Approves Tax Relief to Homeowners
The resolution and tax relief, set to take effect this winter will result in a 4.75% reduction in homeowner bills, effectively lowering the property tax levy by an impressive one million dollars for the upcoming year’s budget.
This tax relief to homeowners comes as a welcome development for homeowners who have been burdened by increasing energy and property costs.
According to a published article, the key aspect of this tax relief to homeowners lies in the elimination of a previously imposed sales tax by the county. As a result, the tax cut will apply to a wide range of essential utilities, including electricity, natural gas, propane, heating, oil, wood, and coal costs.
The overall impact of this tax relief to homeowners is expected to bring substantial financial relief to residents, especially during the high-cost winter months when heating expenses tend to soar.
The actual amount of savings will vary depending on the size of each homeowner’s residence. On average, homeowners can expect to see a reduction ranging from $8 to $20.
While not every resident is guaranteed to experience a decrease, the majority are likely to witness a stabilization or decline in their property tax bills, offering some respite from the financial strain.
Furthermore, the tax relief to homeowners resolution specifically targets the winter months, from December through February, when heating costs typically spike.
During this period, there will be no tax imposed on home energy bills, allowing residents to enjoy a “straight cost” on their bills without the added burden of additional taxes.
Erie County Legislature Supports Tax Cuts
According to the Buffalo News, Erie County Legislator Howard Johnson expressed his support for the measure, emphasizing the importance of providing homeowners with some much-needed financial tax relief to homeowners.
“Heating costs have been continuously rising, that is not stabilized. Any opportunity we have to give the homeowner some tax relief, that’s what we’re looking to do,” said Johnson, highlighting the pressing need for assistance in managing escalating energy expenses.
Minority Leader John Mills echoed similar sentiments, hailing the tax relief to homeowners as a “significant win” for Erie County residents. He noted that the last time residents received a tax reduction was over two decades ago, back in 2001.
With the county receiving a substantial influx of government funds in recent years, Mills believes it is the opportune moment to redirect those funds back to the local community.
Overall, the approval of this tax relief to homeowners resolution marks a positive step towards alleviating the financial burden on Erie County homeowners.