Fighting your tax assessment? These are your odds
Landlords have until June 3 to submit Real Property Income and Assessment forms
Chances of getting a hearing are poor. And winning? Even worse
$9B plunge in NYC commercial real estate sets up brutal political fight over shrinking tax pie
Real-estate taxes are the biggest contributor to New York City’s coffers
Commercial Real Estate is nearly $9B short of its most recent high
Rent board staff proposes increase of up to 4.5%
Average hike was 1% under Bill De Blasio
Landlords’ costs jumped across the board from April 2021 to March 2022 except for property taxes, which dropped 3.7% because […]
Why New York Can’t Afford to Lose the 421a Tax Incentive
421a tax incentive program costs New York City $1.77 billion
The law’s benefits exempt any increase in taxes attributed to constructed improvements to the property
New York City’s Property Taxes Are Crushing Homeowners
Living Here is Getting More and More Difficult
The 40-year-old state law that created the system was built to favor single-family homeowners over renters or commercial buildings.
Hochul’s $216B Budget Includes $25B for Housing and Property Tax Rebates
Allow a minimum of one ADU on owner-occupied residentially zoned lots
Tax rebate for homeowners, increasing the allowable number of accessory dwelling units (ADU)
Landlords Warn Steep Tax Hikes from Good Cause Eviction Law
“It may as well be called the ‘lease for life’ bill because it would render the most basic provisions of rental apartment leases legally insignificant.
It would strip landlords of their ownership rights
City landlords’ tax delinquencies approach Great Recession levels
Nothing is certain but death and taxes, and property taxes are no exception.
Experts predict minimal impact on city revenue even as rising number of landlords fall behind
What New Policies Are Increasing Costs for Struggling NYC Landlords During COVID?
The real estate community's alarm over a recent proposal to install sprinklers in every apartment highlighted landlords
Rising liability insurance costs, and delays in city approvals that are making it increasingly challenging to break even financially.
NYC property values fall but taxes go up
Calling on the city to freeze this year’s property tax assessments after the COVID pandemic wiped five percent off the value of its real estate.
The real estate industry generated more than half (53 percent) of the City’s total annual tax revenue in the last […]
Commercial property tax delinquencies jump 50%
Property taxes account for more than 40% of NYC’s tax revenue
Property taxes account for more than 40 percent of the city’s tax revenues, with real estate taxes accounting for more […]
Last-minute reprieve stops city’s tax lien sale
Friday for at least three weeks — and both state and city officials are taking credit for giving homeowners and landlords a break.
Cuomo, de Blasio both announce that they postponed sale…