Remove 2015 Remove Market Value Remove Property Taxes Remove Transportation
article thumbnail

The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

At the opposite end of the spectrum, the fiscally conservative Citizens Budget Commission described the tax as appealing but problematic : Gov. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). The market value of these properties will be based on a "comparable sale-based valuation method."