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

NYC Government Publication

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

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

Housing
Budget and Finance
Taxation

Report type

Budget / Finance

Date published

2022-03-16

Language

English

Fiscal year

2022
2023

Calendar year

2006
2007
2008
2012
2013
2014
2015
2017
2018
2019
2020
2021
2022
2026

Required Report Name

Not Required

NYC Government Publication

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

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