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Footing the Bill: Fifty Years of NYC Overtaxing Tenants, Towers, and Low-Income Communities of Color
Iziah Thompson, Stephen Hoskins
Summary:
New York City has one of the most convoluted and unfair property tax systems in the country. Built out of necessity after the old system was found unconstitutional, NYC’s property tax code has aged poorly.
Marking its 50th anniversary, the Community Service Society of New York (CSS) and Progress and Poverty Institute (PPI) collaborated on this report to clearly explain the system's problems and opportunities for reform. Decades of articles and analyses have shown how the core design of NYC’s property tax system and its supplemental web of tax breaks results in comical comparisons and contributes to various types of inequity.
Issues: Affordable Housing
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