Landlords’ costs jumped across the board from April 2021 to March 2022 except for property taxes, which dropped 3.7% because […]
The law’s benefits exempt any increase in taxes attributed to constructed improvements to the property
The 40-year-old state law that created the system was built to favor single-family homeowners over renters or commercial buildings.
Tax rebate for homeowners, increasing the allowable number of accessory dwelling units (ADU)
It would strip landlords of their ownership rights
Experts predict minimal impact on city revenue even as rising number of landlords fall behind
Rising liability insurance costs, and delays in city approvals that are making it increasingly challenging to break even financially.
The real estate industry generated more than half (53 percent) of the City’s total annual tax revenue in the last […]
Property taxes account for more than 40 percent of the city’s tax revenues, with real estate taxes accounting for more […]
Cuomo, de Blasio both announce that they postponed sale…