Posted by Leonard Steinberg on January 27th, 2011 If you check your mailbox, you may find a lovely envelope from the New York City Department of Finance showing the new assessment on your property. One of my assessment notices showed that the market value of a property I own increased in value by over 60%…..in 2010! WOW! That’s facinating…. [Read More]
NEW YORK: THE MOST CORRUPT REAL ESTATE TAX SYSTEM IN THE WORLD?
Posted by Leonard Steinberg on January 18, 2011 Co-op and condo owners are slated to pay much higher real estate taxes next year, under a preliminary assessment roll released on Friday by the Bloomberg administration. The city attributed the rises, due to take effect in July 2011, to higher market values placed on apartment buildings… [Read More]