logo CityLand
      • Home
      • About CityLand
      • CityLand Sponsors
      • Filings & Decisions
      • Commentary
      • Archive
      • Resources
      • CityLaw
      • Current Issue

    Search results for "Real Property Tax"

    CLE ANNOUNCEMENT: New York City Property Tax CLE, January 13, 2022

    Events  •  CLE  •  Webinar

     

    REGISTER HERE

    When: Thursday, January 13, 2022 from 12:00 PM to 2:45 PM

    Where: Zoom – Program materials and login information will be provided to registrants 24 hours prior to the event.

    Credit: 2.5 Transitional and Nontransitional CLE Credits – 2.0 in Professional Practice and 0.5 in Ethics and Professionalism

    Cost: $250 registration fee, $100 NYC Agency Attorneys

    For more information and to register click here. (more…)

    Date: 12/15/2021
    Leave a Comment

    City Council Intends to Aid Property Owners with Two Tax Deferment Bills

    City Council  •  Property Taxes  •  Citywide

    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.

    (more…)

    Tags : Andrew Cuomo, Council Member Margaret Chin, COVID-19, Department of Finance, Governor Andrew Cuomo, property tax, Public Advocate Jumaane Williams, Small Business Relief
    Date: 06/24/2020
    (1) Comment

    Realty Trust Must Pay Higher Tax Rate

    CityLaw  •  Real Property Tax  •  Murray Hill, Manhattan

    One Park Avenue. Image Credit: Google Maps

    City Tax Appeals Tribunal determined transfer was not eligible for special reduced rate. One Park Avenue Mezz Partners LLC, a subsidiary of industry giant Vornado Realty Trust, held a 100 percent equity interest in a commercial building located at One Park Avenue in Manhattan. In March 2011, while looking to refinance the building, Vornado had that equity interest transferred in full to two new subsidiary real estate investment trusts. The compensation was roughly $5.6 million ($2.25 million in cash and $3.375 million in the form of ownership stakes in the grantee trusts). (more…)

    Tags : CityLaw, New York City Tax Appeals Tribunal, One Park Avenue, property tax, Real Property Tax Law
    Date: 01/06/2020
    Leave a Comment

    Mayor Announces Advisory Commission on Property Tax Reform

    Mayor  •  Property Tax  •  Citywide

    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…)

    Tags : advisory commission, New York City Property Tax, NYC Property Tax, property tax
    Date: 06/05/2018
    (1) Comment

    421-a Property Tax Process Renewed

    CityLaw  •  Agency News  •  Citywide

    NYC HPD

    The revised Section 421-a offers new opportunities for affordable housing. The 421-a property tax exemption began in 1971 as an incentive for developers to develop badly needed housing in New York City. When the real estate market rebounded in the 80s, the program was amended to condition tax abatements on the construction of affordable housing units. The program expired in June 2016. In its place, the State Legislature passed the “Affordable New York” program in 2017. (more…)

    Tags : 421-a, housing, New York City Property Tax, property tax, RPTL 421-a
    Date: 03/07/2018
    Leave a Comment
    1. Pages:
    2. 1
    3. 2
    4. 3
    5. 4
    6. 5
    7. 6
    8. 7
    9. ...
    10. 19
    11. »

    Subscribe To Free Alerts

    In a Reader

    Desktop Reader Bloglines Google Live Netvibes Newsgator Yahoo! What's This?

    Follow Us on Social Media

    twitterfacebook

    Search

    Search by Category

      City Council
      CityLaw
      City Planning Commission
      Board of Standards & Appeals
      Landmarks Preservation Commission
      Economic Development Corporation
      Housing Preservation & Development
      Administrative Decisions
      Court Decisions
      Filings and Decisions
      CityLand Profiles

    Search by Date

    © 1997-2010 New York Law School | 185 West Broadway, New York, NY 10013 | 212.431.2100 | Privacy | Terms | Code of Conduct | DMCA | Policies
     

    Loading Comments...