NYC property values fall but taxes go up
The City’s largest organization of landlords of rent-regulated apartments is calling on the city to freeze this year’s property tax assessments after the COVID pandemic...
Tag : property tax
One in ten NYC landlords on brink of default, says CHIP
Thousands of housing providers are struggling and some property owners are in dire straits, according to a survey of the members of the Community Housing...
City tells landlords to reach compromise on rent payments
Mayor Bill de Blasio has launched a citywide tenant landlord mediation program to help head off a COVID eviction crisis. The mayor said the program...
Biz, community leaders call for freeze on property tax bills
A group of business and property owners, civic leaders and community advocates today called on the de Blasio Administration and City Council to provide property tax relief to offset rising expenses and economic instability...
COVID-19 cuts NYC real estate tax revenue in half
The Real Estate Board of New York (REBNY) reported that tax revenue generated from investment and residential sales in New York City and New York...
NYC rental housing ‘on verge of collapse’ survey finds
A survey of multifamily property owners shows a dire situation for the owners of small buildings in New York City. The Community Housing Improvement Program...
A Missed Opportunity to Reform New York’s Inequitable Property Tax System
Our City’s property tax system is overly complex, inequitable, and unfair. After decades of inaction, another report was issued with some suggested reforms. Earlier this...
Landlord groups predict spike in appeals as tax assessment values city at $1.3T
Landlord groups are disputing new city tax assessments that put the city’s property worth at $1.378 trillion. The Rent Stabilization Association says it expects a...