3 ms·
Thankfully, none of those numbers match reality.
by dionidium 10y ago
Thankfully, none of those numbers match reality.
- epistasis 10y agoCan you provide some numbers that do match reality? I'm really curious how this works out because the tax rates are an order of magnitude higher than elsewhere. Either the assessed values are an order of magnitude lower, or there's a tremendous amount of grift that leaves NYC public schools in poor conditions despite huge amounts of tax revenue.
- dionidium 10y agoIncredibly, they may be closer to reality than I thought. All buildings with more than 3 units (Class 2) are assessed at 45% of market value. https://www1.nyc.gov/site/finance/taxes/property-determining-your-assessed-value.page https://www1.nyc.gov/site/finance/taxes/property-determining...
- tsaoutourpants 10y agoAuthor here. The income tax rates reflect the highest brackets, so if you are not the 1%, you will be paying somewhat less. Regarding sales and property taxes, unfortunately the 99% is indeed paying those rates (with an exception if you live in a building with less than 3 units).
- dionidium 10y agoMy apologies. You're right.