The Real Estate Board of New York has asked the Bloomberg administration to consider a real estate tax cap of 20 percent for buildings no longer eligible for the 421-a tax-abatement program , warning that if property taxes keep rising, landlords will make “affordable” units market-rate in order to keep up. But according to Bloomberg , “Our property taxes in New York City happen to be very low compared to the rest of the state.” Not for long ? [ more › ]
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Bloomberg Says Our Property Taxes Are Just Fine