NYC Council members propose ‘gentrification tax’ for new homebuyers

Dec 26, 2019 |

Photo via Creative Commons New homebuyers in New York City could be charged property tax based on actual market prices, the New York Post reported on Wednesday. A group of city lawmakers is pressing Albany to change state laws to close a loophole that offers tax breaks to homebuyers in gentrifying neighborhoods. The “gentrification tax,” as […more]

Posted in: New York

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