Stroock Special Bulletin
"New York City Finalizes 2016/17 Real Estate Tax Rates"
The City of New York has finalized the real estate tax rates for tax year 2016/17, which began July 1, 2016 and will end June 30, 2017. The rate for Class 2 residential properties is up slightly, while the rate for Class 4 non-residential properties (i.e., commercial) is down slightly from last year.
This Stroock Special Bulletin compares the annualized tax rates for tax years 2015/16 and 2016/17.