2 ms·

Please add 2015 to the title.

• MrApathy 5y ago
  Very important. The centerpiece of this article is the 421-a exemption which was repealed last year. New condos being sold today are subject to the full assessed amount. All stock currently in the 421-a program is subject to a phased increase over a period of 25 years.
  • SirSourdough 5y ago
    Where the "full assessed value" is still only 5 or 10% of the price paid though? Doesn't seem like it hits at the heart of the issue. Seems like the sales price should be far more of factor in these ultra-luxury sales; the market says a house is worth $100m and an assessor looks at that and says the value for tax purposes is $5m, how does that make any sense?