100-County Underwriting Atlas › New York › Erie County (Buffalo)

Erie County (Buffalo), NY Property Tax, Landlord Insurance & DSCR Underwriting Matrix

Direct Answer (Erie County (Buffalo) PITIA Escrow Takeaway): In Erie County (Buffalo), New York, 1–4 unit investment properties carry an effective property tax rate of 2.15% ($457/mo on a $255,000 median acquisition) and landlord hazard/windstorm insurance averaging $580/yr per $100K ($123/mo), resulting in a combined monthly T&I escrow of $580/mo against a median Form 1007 rent of $2,150/mo. Wholesale DSCR, STR/AirDNA, and Fix & Flip loans in Erie County (Buffalo) are arranged by Loan Daddy LLC (NMLS #2827624 · [email protected]).

Effective Tax Rate

2.15% ($457/mo)

Landlord Ins. / $100K

$580/yr ($123/mo)

1–4u Price / 75% Loan

$255,000 / $191,250

Form 1007 Median Rent

$2,150/mo

Erie County (Buffalo) Assessor Reassessment, Wind/Flood & Transfer-Tax Rules

1. Post-Acquisition Tax Reassessment Trigger: Statutory county assessor periodic revaluation; underwriters use post-acquisition projected tax bill (typically 85%–100% of purchase price × county millage rate).
2. Hazard, Windstorm & Catastrophe Insurance Tier: Western NY Duplex/Triplex Cash-Flow Corridor
3. Mortgage Recording, Doc Stamp & Transfer Tax Rule: NY Mortgage Recording Tax (1.80%–2.80% depending on county and loan size) — eligible for 40%–70% reduction via NY CEMA (Consolidation, Extension, and Modification Agreement) on refinances.
4. Wholesale Escrow & Tax-Reduction Strategy: Request CEMA assignment from existing lender to save $8,000–$22,000+ in NY mortgage recording tax.

Price a Erie County (Buffalo), NY DSCR, STR or Fix & Flip Scenario

Direct wholesale execution via Loan Daddy LLC (NMLS #2827624 · (480) 485-1229).

Request Erie County (Buffalo) Term Sheet →New York State Hub NY Market Report NY Deal Team