WSJ News Exclusive | New York City Property Taxes Rise as Coronavirus Pushes Values Down

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Despite the coronavirus pandemic, which has hobbled real-estate values, New York City property owners owe $1.65 billion more in property taxes than they did last year

Assessment date came before shelter-in-place orders led businesses to close and tenants to withhold rentNew York City property owners owe $1.65 billion more in property taxes than they did last year, despite a pandemic that has hobbled real-estate values.

A Wall Street Journal analysis of the latest city assessment rolls found that the industry’s new tax bill will rise 5.7%. That is because the tax assessment date was Jan. 5, well before property values deteriorated in response to the March shelter-in-place orders that led numerous businesses to close and many tenants to withhold rent.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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The next mayor of New York City - not CoreyinNYC - needs to cut taxes and spending NYCPROTEST NYC

Poor saps, NYC property owners are sitting ducks with bullseyes painted on their foreheads.. Oh well, that's what they get for electing democraps, serves them right

Probably because Mayor DeBlahblah spent all the money on stupidity.

The Democrats plan is to see how absolutely horrendous they can make their own environments so their voters leave. Their voters are actually stupid enough to continue voting Democratic in AZ, WY, ID, ND, KS, NE..their plan is so obvious... millions are leaving NY and CA yearly.

Bless you all always! 恢复健康。⤴️

NY & NJ property tax is too high. The state is acting like a landlord forcing us to pay rental for a property we own. There's no incentive to stay here for retirement. It's just not right.

Круто!

NY has not been rational in 50 years. Why should the virus change anything?

First Antifa loots you. Then government follows up. EscapeFromNY

When we’re the assessments done? Also, Wall Street seems to be doing well...

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