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Search Results for: Property Tax
Mayor Reveals Task Force Recommendations to Convert Underused Office Space to Housing
On January 9, 2023, Mayor Eric Adams announced a set of recommendations from the Office Adaptive Reuse Task Force for changes to state laws and city zoning requirements to make it easier for the conversion of underused office space to housing. The COVID-19 pandemic transformed how many companies operate, transitioning to work-from-home or hybrid structures that require less office space, while the city experiences an ongoing affordable housing crisis.
Mayor Reappoints Landmarks Chair Sarah Carroll and Nominates Anthony Crowell and Gail Benjamin to City Planning
Sarah Carroll will serve an additional seven years at Landmarks, while Gail Benjamin and NYLS Dean Anthony Crowell will join City Planning for five years. On August 5, 2022, Mayor Eric Adams nominated Sarah Carroll to continue as Chair of Landmarks Preservation Commission and nominated Gail Benjamin and Anthony Crowell to the City Planning Commission. Landmarks commissioners serve seven-year terms, while City Planning commissioners serve for five years.
NYC Mayoral Candidates Land Use Policy Recap
The Mayoral Election will help shape the City’s land use and housing policymaking decisions. Between now and June 20th, early voting is available for the NYC Primary, in which New Yorkers will help decide who will be the next Mayor of New York City. Over the course of their campaigns, mayoral candidates have developed and shared their positions on a variety of land use and housing issues including developing affordable housing, handling the eviction and … <Read More>
FULL VIDEO: 171st CityLaw Breakfast with Richard Ravitch, Former NYS Lieutenant Governor
On February 26, 2021, Richard Ravitch, Former New York State Lieutenant Governor and Former MTA and Urban Development Corporation Chair, spoke at the 171st CityLaw Breakfast. Former Lt. Governor Ravitch spoke on “The State and City Budget Crisis.”
City’s withdrawl of offer approved
Tax Commission withdrew favorable property tax assessment following audit. 45 Great Jones Street in Manhattan was constructed in 2014 and contains a retail space and five cooperative apartments. The property owner challenged the assessed value for the years 2016/2017 and 2017/2018. The Tax Commission approved a nearly 40 percent decrease in property value for both tax years. The Tax Commission reduced the assessed value for 2016/2017 from $3,244,032 to $2,012,612, and for 2017/2018 from $3,503,554 … <Read More>