The Trillion-Dollar Implications Of New York’s Housing Shortage

Anti-Poverty Groups ID Property Taxes as a Culprit in Affordable Housing Shortage

New York City’s convoluted property tax system, now exactly 50 years old, overtaxes large multifamily buildings, making it harder to build enough apartments to solve the city’s housing crisis.The lowest property taxes are levied on homeowners, especially those who live in areas with fast-rising property values, even though two-thirds of city households rent.Areas dominated by Black homeowners pay property tax rates that are double those of prima…

The Trillion-Dollar Implications Of New York’s Housing Shortage

The availability and affordability of housing have sparked dismay and debate in the New York region for generations.

New Report: New York’s Unfair Property Tax System on its 50th Birthday