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Why "Billionaire's Row" Pays the Lowest Property Tax Rate in NYC

Billionaire's Row is a stretch of super tall, super expensive apartments in Midtown Manhattan. Their owners use the apartments as investments - and they are able to pay less in taxes than other homeowners.

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Where we got our info:
https://www.citylab.com/equity/2015/05/why-billionaires-dont-pay-property-taxes-in-new-york/389886/
https://www1.nyc.gov/site/finance/taxes/property-cooperative-and-condominium-comparables.page
https://www.nytimes.com/2015/02/10/business/the-logic-of-an-empty-dollar100-million-pad.html

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#billionairesrow #propertytax #realestate

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21 декабря 2018 г. 20:13:29
00:03:40
Cheddar
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