Taxes and their impact on Retail Leases
May 17, 2016Property taxes are slated to go up from $22.5 $27.7 billion in 2020E a 5.34% CAGR Taxes are phased in at 20% of the change over a five-year period called a: Transitional Assessed Value. There is still a future -$2.74 Billion USD gap in the NYC budget, which doesn’t account for a drop in...
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