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Will Mamdani Ride the Property Tax Tiger? from THE CITY - All RSS feed.

Will Mamdani Ride the Property Tax Tiger?

A Washington Heights building owner advertised apartments for rent,

Even as their finances deteriorated and the values of their buildings declined, owners of larger rent-regulated buildings saw their property taxes increase. Meanwhile, the disparity between the assessments on high-end condos and co-ops grew, giving the owners of some of the most expensive homes in the city a huge property tax break. Those two data […]

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