Business and property owners in Webster who have built, renovated, or improved commercial, business, or industrial properties may qualify for a partial property tax exemption under New York’s Real Property Tax Law Section 485‑b. The exemption can cover up to 50% of the increased assessed value in the first year and gradually decreases over ten years.
To qualify, the cost of improvements must exceed $10,000 (or a higher local minimum). Applications must be filed with your local assessor’s office — not the state — by March 1, 2027, and within one year of completing the improvements. Ordinary maintenance and repairs do not qualify…