New York takes $1.4B tax hit as real estate sales dry up
The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, today reported that year-over-year investment and residential sales volume declined 34 percent and
Tag : tax revenue
Real estate sales drought costs city $755M in lost taxes
The Real Estate Board of New York (REBNY) today reported that total September investment and residential sales volume declined 47 percent and tax revenue generated declined 36 percent
Broker confidence hits all-time low
The Real Estate Board of New York (REBNY) today released two market reports illustrating the challenges the City faces as economic recovery begins. REBNY’s Monthly Investment
COVID swallows up $160M in NYC tax revenue
The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, reported that tax revenue generated from investment and residential sales
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
Stringer says city should bank tax glut
A one-time infusion of income tax revenues in FY 2018 helped the City balance the $89.16 billion Adopted Budget for Fiscal Year 2019, according to
Real estate taxes paying city salary bill
New York City collected $20.4 billion in taxes from the real estate industry in 2016, enough to pay the salaries of all teachers, police officers,