New York City Property Tax Rates Will Not Change for Commercial Properties, Apartment Buildings, Cooperatives, and Most Condominiums, but Will Increase for Homeowners.
New York City Department of Finance has released 2018/19 residential and commercial property tax rates. Residential Class 1 property tax rates (1-3 family homes and condominiums of 3 stories or less) have increased 2.61% from $20.385/ $100 to $20.919/$100. Residential Class 2 property tax rates for apartments, cooperatives, and condominiums of 4 stories and higher [...]
