The most striking part of the New York City Advisory Commission on Property Tax Reform



The most striking part of the report is its analysis of the assessment of a single condominium unit carrying the highest sales price ever reported in the United States located on Central Park South – $238,000,000. The Report shows the current tax based on a fraction of full value ($531,797) and what the tax would be under the proposed system at full value ($2,987,233). Takes your breath away.

https://www.nytaxreview.com/news/nyc-tax-reform-commission-finds-inequality-of-residential-tax-burdens/

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