property tax exemption

Council adopts incentive program to build

Written November 5th, 2025 by Hasso Hering

Comments: 16 responses.

Three city-owned parking lots along the Albany riverfront might some day hold residential high rises because of a partial tax exemption Mayor Alex Johnson II and three council members enacted on Wednesday.

Posted in: Commentary, News
Tags: aapartments, city parking lots, mixed use development, MUPTE, property tax exemption, Water Avenue

Next in Albany: A tax on new construction

Written December 14th, 2024 by Hasso Hering

Comments: 23 responses.

Hoping to promote less expensive housing, one of the first things the new Albany City Council will do next month is to add a city tax on new construction valued at more than $50,000.

Posted in: Commentary, News
Tags: Albany housing, construction excise tax, low-income housing projects, property tax exemption, subsidized housing

A boost for Albany metals industry

Written March 11th, 2019 by Hasso Hering

Comments: 27 responses.

Planning is under way to give Albany’s metals industry a boost with the addition of a $20 million machine, a so-called HIP furnace to be installed at a now-vacant site near the south end of Marion Street.

Posted in: Commentary, News
Tags: Albany Enterprise Zone, Albany metals industry, metallurgy, property tax exemption, Stack HIP, Stack Metallurgy