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Thanks but we also know that there are many properties that are far under the maximum assessment ratio in Park Slope (for example). If the maximum assessment ratio is lowered to let's say 0.1%, then these Park Slope properties will go to full assessment. If the class one tax rate goes to...

Thanks for the information but there are solutions that @nycfinance controls such as the assessment ratio that do not involve state law changes. See https://tony.brooklyncoop.org/get-involved/nyc-finance-can-lower-property-tax (Disclosure: I help with this website) Can someone here tell us...

Yes. It would be helpful to update the Wikipedia page to make it more accurate. It's even confusing what Nassau county does. I think they use 100% assessment ratio now but I'm not sure.

Hi David, Thanks for the information. It is true that the city council does theoretically adjust the tax rates but they have been saying that the rate is frozen. Listen to the NYC IBO director Mr. Sweeting describe the budget process: For Class 1, the reason that property tax keeps...

Thanks for the information. I was told that there were very few condos back then. I see here https://cooperator.com/article/the-cooperative-model/full that coops go back to 1883 The Gramercy, at 34 Gramercy Park, was built in 1883. The Queen Anne-style, 9-story red brick building is said to...

Yes it is amazing even with the co-op / condo abatement, co-ops and condos still pay more than three family homes. Also the 421A exemption complicates matters. Some condos have 100% exemption so they don't feel the property tax until 20 years pass. Then it suddenly jumps up. The map is...

Hi I'd love to learn how maps and real estate data can be used to help? See https://nyc.tidalforce.org/article/how-much-is-property-tax-in-nyc An example of how maps could be created for every single property. This one is showing assessment ratio limits. But it can show any data.