Property taxes

2557 kingsbridge terrace kingsbridge heights

Why New York’s Property Taxes Punish Mid-Size Landlords and Poor Renters

8:00 pm on June 12, 2015 By Rebecca Baird-Remba

While the mayor and the governor sling mud over 421-a, neither leader has devoted much energy to fixing New York’s byzantine and inequitable property tax system, which hasn’t been reformed in more than 30 years.

The 421-a rules should be changed, but it shouldn't come at the expensive of affordable new market-rate construction like 2454 Hoffman Street, in the Bronx. Image by Christopher Bride for PropertyShark.

A Grand Bargain on 421-a Tax Abatements: How Market-Rate Builders Can Pay Taxes Without Destroying the Industry

2:30 pm on January 30, 2015 By Stephen Smith

In June, New York’s 421-a tax abatement program is up for renewal, and many on City Council want it either eliminated entirely or seriously overhauled. The program, as currently structured, relieves owners of newly built rental buildings or condos…

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Property taxes

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