Re:NYC’s Property Taxes Are Crushing Homeowners
by xhkkffbf on Tuesday February 01, 2022 @10:43AM
(#30163993)
As a percentage, NYC real estate taxes are pretty reasonable. The overall taxes are high because the value of the property has been skyrocketing.
I feel a bit sad for the people who are being taxed out of the neighborhood, but I don't think they would give up the run up in the resale value. They're going to get all of that gain when they sell. ALas, that might not be for awhile.
I feel a bit sad for the people who are being taxed out of the neighborhood, but I don't think they would give up the run up in the resale value. They're going to get all of that gain when they sell. ALas, that might not be for awhile.