Stroock Special Bulletin
"New York City Releases 2015/16 Real Estate Tax Rates"
The City of New York has released the new real estate tax rates for tax year 2015/16, which began July 1, 2015 and will end June 30, 2016. 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 2014/15 and 2015/16.