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Filtering by: Agency Comptroller (COMP) Calendar Year 2008 Calendar Year 2018 Calendar Year 2019 Fiscal Year 2023 Subject(s) Housing

A Better Way Than 421-a The High-Rising Costs of New York City's Unaffordable Tax Exemption Program

Date Published:

2022-03-16

Description:

New York City’s current property tax system is notoriously opaque, unfair, and regressive. For the past four decades, rather than dealing with its structural flaws, New York State has layered on a patchwork of exemptions and abatements to lower tax rates for various owners.

Agency:

Comptroller (COMP)

Subject(s):

Housing, Budget and Finance, and Taxation

Report Type:

Budget / Finance