While designed to weed out vacant investment properties or «satellite families» — those who dwell in the province while the breadwinner earns their income and pays their taxes elsewhere — the immediate response has been that the tax is most painful for out - of - province vacation home owners, who now face thousands in additional property taxes per year. (remonline.com)
The purpose of this benefit is to not penalize seniors with additional property tax burdens for making a lifestyle change. (classrealtygroup.com)
In recent years this has meant additional property taxes of more than $ 300,000 per year for City of Tonawanda residents, over $ 450,000 per year for taxpayers in Grand Island and well over $ 800,000 added to the county property taxes of citizens of the Town of Tonawanda. (www2.erie.gov)