This report presents statistical information for tax year 2008 for the three New York City
business income taxes: the Banking Corporation Tax (BCT), the General Corporation Tax
(GCT), and the Unincorporated Business Tax (UBT).
Market and assessed values continued to grow at a strong pace in FY 2008. The total
Citywide market value of fully and partially taxable property reached $795.9 billion, a
$121.8 billion, or 18.1 percent increase over FY 2007. This increase was largely driven
by Class One properties