New York City’s zombie corporate property tax abatement died in 2008 but endures at a cost to the city of hundreds of millions of dollars a year
Department of Finance
With parking enforcement set to get tougher than ever, we want to ask drivers how you’ve fared until now. If you’ve ever let parking tickets go unpaid, what happened? Was your car towed or booted? Did you hear from the city or a collections company? If so, what did they say?
Private contractors are poised to intensify the city’s efforts to collect hundreds of millions of dollars in unpaid parking and other tickets.
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 […]