Anti-Poverty Groups ID Property Taxes as Culprit in Affordable Housing Shortage
(thecity.nyc)
New York City’s convoluted property tax system, now exactly 50 years old, overtaxes large multifamily buildings, making it harder to build enough apartments to solve the city’s housing crisis.
New York City’s convoluted property tax system, now exactly 50 years old, overtaxes large multifamily buildings, making it harder to build enough apartments to solve the city’s housing crisis.