Real estate taxes have long been a source of ire for landlords in the city.

The city’s assessment process for commercial buildings has continually bumped up valuations for office buildings citywide over the past decade, interviews with real estate professionals and a review of data show. The result has been that tax collections on the industry have risen from about $4 billion in 2001 to $7.6 billion today, all while the tax rate—a number that is politically sensitive and which officials hence are loath to trifle with—has remained essentially the same, real estate analysts insist. Read More