Wednesday, October 30, 2013

NYS comptroller: 25 percent of real estate is untaxed

Local Fox in New York has the story. 

When it comes to a certain type of tax, not everyone is paying a share, according to a new report.
The New York State Comptroller's Office took a look at tax-exempt properties in the state and found that more than 25 percent of the real estate is exempt from all local taxes. The total value of the exempt properties is $680 billion. In New York City, about 32 percent of the total real estate value cannot be taxed.

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