April 03, 2024

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

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January 23, 2023

$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

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April 19, 2022

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 […]

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April 05, 2022

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

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February 03, 2022

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.

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January 19, 2022

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)

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January 10, 2022

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

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September 24, 2021

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

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January 28, 2021

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.

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January 19, 2021

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 […]

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November 03, 2020

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 […]

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September 05, 2020

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…

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