Posted by Leonard Steinberg on February 27th, 2013 The overly corrupted, inequitable real estate structure of New York reveals further evidence now to showcase just how bad the situation is: Did you know that Class 1 (single family) properties in Manhattan have gone up over 37% since 08 yet Brooklyn’s Class 1 properties increased only slightly since 08,… [Read More]
NEW YORK CITY TAX FACTS: REAL ESTATE TAXES FOOT THE BILLS
Posted by Leonard Steinberg on July 3rd, 2012 The New York City Budget for 2013 is $68.5 billion, less than a one percent increase over last year. Yet some homeowners saw double digit rises in their properties assessed value? Since fiscal year 2003, New York City’s budget has increased 53.5 percent from $44.6 billion, higher… [Read More]
THE FIFTEEN PERCENTERS
Posted by Leonard Steinberg on January 19th, 2011 So Mitt Romney has revealed (shockingly!) that he pays about 15% in federal income taxes: Is this not common amongst a small country club of the very wealthy? Surely this item reveals to all that in the ONE PERCENT there are very different classes too. And will… [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]