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Filtering by: Calendar Year 2011 Report Type Other Subject(s) Taxation - Exemption from

Did the 2008 Change in 421-a Tax Exemption Rules Alter the Geography of Where Buildings Receiving the Benefit Rise?

Date Published:

2015-05-20

Description:

The 421-a property tax exemption is the city’s largest tax expenditure, costing more than $1 billion in forgone taxes each year. The exemption dates back to the 1970s and is currently up for renewal in Albany.

Agency:

Independent Budget Office, NYC (IBO)

Subject(s):

Taxation - Exemption from

Report Type:

Other