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New York City’s Assessment Figures Show Where the Discounts Went

Summary by Commercial Observer
New York City’s newest publicly available property assessments — for upcoming fiscal year 2025-2026 — and an agency report on assessment reductions granted for this current fiscal year’s bills paint a typically messy picture of the city’s tax setup. It’s one that attorneys blame on understaffing at the city.  First, some of the surprises in the most recently available assessment reduction report.   The largest reduction went to SL Green (SLG) Re…
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Commercial Observer broke the news in on Friday, April 18, 2025.
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