THE NEW YORK CITY TAX COMMISSION, THE CENTER FOR NEW YORK CITY LAW,
& THE CENTER FOR REAL ESTATE STUDIES
presents
WHEN
Thursday, January 23, 2014, from 2:00 p.m. to 5:00 p.m.
***
WHERE
New York Law School
185 West Broadway (between Worth and Leonard Streets)
*** (more…)
Public Advocate Jumaane Williams Image Credit: NYC City Council
Public Hearing hinges on interest rates and how property tax deferments affect the City budget. On June 18, 2020, the City Council officially introduced two bills that would defer July 1, 2020, property tax liabilities for COVID-19 impacted property owners. One bill addresses the tax liabilities of primary residences and the other addresses the tax liabilities of businesses affected by the pandemic. The bills were originally heard as preconsidered bills at the June 10, 2020, Committee on Finance public hearing.
Mayor Bill de Blasio. Image Credit: Benjamin Kanter/Mayoral Photo Office.
Advisory commission will conduct comprehensive review of property tax system. On May 31, 2018, Mayor De Blasio announced the formation of an advisory commission to develop recommendations to reform the City’s property tax system. The reform aims to make the property tax system simpler, clearer, and fairer, as well as ensure that there is no reduction in revenue used to fund essential City services. The property tax system has not had an in-depth review by such commission since 1993. (more…)
Presented by the Center for New York City Law, The Center for Real Estate Studies and The NYC Law Department.
WHEN
Wednesday, March 28, 2018, from 2:00 p.m. to 4:50 p.m. (more…)
Realty company claimed property transfer was exempt from City taxes. In April 2007, the Gramercy Capital Corporation purchased a forty-five percent ownership share in the Marbridge building at 2 Herald Square in Manhattan, and the SL Green Realty Corporation purchased the remaining fifty-five percent interest. In December 2010, the two owners formed the 2 Herald Owner LLC and each transferred their respective interests into the Owner LLC. On the same day in December 2010, SL Green bought out Gramercy’s membership interest in the Owner LLC for $111,375,000. (more…)
