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This is some seriously lax research. Property tax rates in New York City are very complicated. If the phrase 'tax class' doesn't come into the article you can s
by krschultz 10y ago
This is some seriously lax research. Property tax rates in New York City are very complicated. If the phrase 'tax class' doesn't come into the article you can safely discard it as nonsense.
http://newyorkyimby.com/2015/06/why-new-yorks-property-taxes-punish-mid-size-landlords-and-poor-renters.html http://newyorkyimby.com/2015/06/why-new-yorks-property-taxes...
http://commongroundnyc.org/nicemess.htm http://commongroundnyc.org/nicemess.htm
- maratd 10y ago> If the phrase 'tax class' doesn't come into the article you can safely discard it as nonsense. Did you even read the article? Direct quote: "That building would likely be subject to the Class 2 tax rate" And the article even links directly to the class breakdowns on the government website.
- krschultz 10y agoThat was added after the negative reaction in HN & Reddit responses. The author was basically scrambling in real time to address the comments here. Not exactly a sign they are an expert on the matter. My comment was written before the article added that information and I stand by it.
- maratd 10y ago> That was added after the negative reaction in HN & Reddit responses. It was there before I posted it to HN, although the author did modify the article after it was posted.
- tsaoutourpants 10y agoAuthor here. All buildings that are more than 3 units are tax class 2, which are taxed at 12.9% of assessed value, which is 45% of actual value, for an effective tax rate of 5.8%. Again, this is about 4x what other cities pay.