Author 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 effecti

Author 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.