taxes

What are New York’s biggest tax loopholes?

Today is everyone’s favorite day of the year, right? Tax deadline day. But according to advocacy groups in New York some corporations won’t be filing as much as they should be, and they’re costing taxpayers $350 million. Groups like New Yorkers for Fiscal Fairness an the Fiscal Policy Institute are out protesting banking and hedge fund giants today […]

View more ›

How does the city calculate property tax bills?

How does the city calculate property tax bills? Yesterday, the city’s Department of Finance made its annual announcement of assessed property values for all taxable real estate in New York City. These property taxes are a critical source of revenue. But the process is admittedly “complex,” said Finance Commissioner David M. Frankel. So much so, that even […]

View more ›