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

NYC Government Publication

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

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

Taxation - Exemption from

Report type

Other

Date published

2015-05-20

Language

English

Calendar year

2011

NYC Government Publication

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

Downloadable Content

Items