Category: Condo Tax
Abolish This Luxury Property Tax Break and Save NYCHA | OpEd for City Limits
So we’re taking the necessary action, and we’re cosponsoring legislation that will reform the Cooperative/Condominium Property Tax Abatement by ending tax breaks for luxury owners who don’t need them. The top three largest abatements in the city each amount to more than $44,000 every year. Those represent just 17 percent…
Lawmakers: Axe Tax Break for High-End Condos and Coops to Help Fund NYCHA | Article for City Limits
The state budget found new money for a lot of important causes—education aid, transit improvements, clean water—but not for public housing, despite the persistent crisis at New York’s housing authority. While the city would be on the hook to spend billions on NYCHA under a proposed federal settlement, the authority…
