As if the hundreds of stalled construction sites scattered across the city weren’t bad enough, it turns out many of their owners are not paying taxes, either. The Post‘s Lois Weiss crunched the numbers on 40 of Manhattan’s 129 stalled projects and found that more than half owed back taxes with a combined value in excess of $10 million. Read More
Azi Paybarah has the latest at our sister site, PolitickerNY, on Assembly Speaker Sheldon Silver’s property tax cap proposal. Scroll down and you’ll see praise from the big-time business group, Partnership for New York City.
If the computer’s don’t kill us, the taxes will.
The city’s Department of Finance began using a new formula along with new computational software last year to calculate taxes for the city’s vast swathes of co-operative housing stock last year. It resulted in huge new assessments for hundreds of buildings, according to The Journal, driving Read More
Property taxes were one of the biggest issues in last year’s gubernatorial campaign, but it was seen largely as a suburban issue affecting upstate and Long Island homeowners, not the vast ranks of city residents who tend to rent. But it turns out property taxes have consequences right here in the five boroughs, as The Read More