Apartment taxes called “illogical”

December 26, 2006 12:00AM

Some condo and co-op owners say the city should revamp its property-tax assessment system, and that the Dept. of Finance’s methodology is “illogical.” The owners say it doesn’t make sense that apartments are taxed on 45 percent of their market value while townhouses are only taxed on 6 percent of their value. more [Post]


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