Download or read book In the Matter of Reforming New York State Real Property Tax Exemption Laws hearing written by New York (State). Legislature. Senate. Standing Committee on Housing, Construction, and Community Development and published by . This book was released on 2003 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book In the Matter of a Public Hearing on Reforming NYS Real Property Tax Exemption Laws written by New York (State). Legislature. Senate. Standing Committee on Housing, Construction, and Community Development and published by . This book was released on 2003 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book In the Matter of a Public Hearing on NYS Real Property Tax Exemption Laws written by New York (State). Legislature. Senate. Standing Committee on Housing, Construction, and Community Development and published by . This book was released on 2003 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Real Estate Tax Exemption in New York City written by Citizens Budget Commission (New York, N.Y.) and published by . This book was released on 1967 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Public Hearing on the Tax Exemption Codified in Section 421 A of the Real Property Tax Law and Its Correlation to Affordable Housing written by New York (State). Legislature. Assembly. Standing Committee on Real Property Taxation and published by . This book was released on 2006 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Some Proposed Reforms in the Administration of Real Property Assessments in New York State written by University of the State of New York. Bureau of Educational Finance Research and published by . This book was released on 1973 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reforming the Real Property Tax System in New York written by Economic Development Council of New York City and published by . This book was released on 1979 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Real Property Tax Enforcement in New York State written by New York (State). State Board of Equalization and Assessment and published by . This book was released on 1989 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Roundtable Meeting on Evaluating the Needs for and Costs of New York State s Property Tax Exemptions written by New York (State). Legislature. Senate. Select Committee on Budget and Tax Reform and published by . This book was released on 2009 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Exemption in State of New York written by New York (State). Legislature. Special Joint Committee on Taxation and Retrenchment and published by . This book was released on 1927 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Problem of Real Property Tax Exemption written by New York State Legislative Institute. Economic Research Service and published by . This book was released on 1977* with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Public Hearing written by New York (State). Legislature. Assembly. Standing Committee on Real Property Taxation and published by . This book was released on 2008 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reforming New York City s 421 a Property Tax Exemption Program written by Pratt Institute. Center for Community and Environmental Development and published by . This book was released on 2006 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reform of the Real Property Tax in New York State written by Kenneth J. Schweigard and published by . This book was released on 1980 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book NYC Property Tax Exemption Program written by Jenny Chiani Wu and published by . This book was released on 2012 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York City's tax expenditures relate to real property tax totaled $4.5 billion in fiscal year 2012. The largest expenditure relates to the "421-a" tax exemption program for new multi-family residential real estate development, which costs the New Yorkers nearly $1 billion in foregone tax revenue (Office of Tax Policy, FY 2012). The 421-a program was originally established in the 1970s to spur new multi-family developments. Initially, developers received full tax exemption on the assessed value of the new construction, which then decreased by a phase-out schedule where their property taxes were payable in full at the end of benefit period. As the private development market recovered, the city calibrated the program to (i) exclude certain neighborhoods from receiving benefits for strictly market-rate development and (ii) to spur affordable housing development by offering benefits of the program if a certain percentage of the total units constructed were affordable. Despite the success of the strategy in delivering 142,044 residential units in 2012 (Office of Tax Policy, FY 2012), the program has been subjected to increasing scrutiny as New York City's need for real estate tax revenue has increased. It is unclear how many of these units would have been built without the exemption. Many opponents have argued for the termination of the program because it has not produced benefits commensurate with the huge tax expenditures New York City has made, and that the beneficiaries had been landowners who captured the value of the abatements through higher land prices. As the program approaches its potential renewal in June 15, 2015, it is worthwhile to conduct a detailed analysis of the efficacy and cost of the current program. The thesis offers a thorough yet intelligible case study of a co-op building in Chelsea of how the property taxes would be calculated and the program's impact on the financial feasibility of the development. Different scenarios are created that follows each of the program reforms to understand the actual value of the property tax exemptions to developers and the ways in which such value is distributed. In the current environment where many New Yorkers find themselves facing a daunting housing market with decreased production and increased demand for affordable units, the program should strengthen its benefits to steer more developers towards creating affordable housing. Alternative financial models based on the case study suggest that the return of an improved negotiable certificate program can make the 421-a program a more effective affordable housing incentive without additional cost to the city.

Download or read book A Study of Real Estate Tax Exemption in the City of New York written by Walter J. Klink and published by . This book was released on 1962 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Property Tax Relief and Reform Act of 1973 written by United States. Congress. Senate. Committee on Government Operations. Subcommittee on Intergovernmental Relations and published by . This book was released on 1973 with total page 978 pages. Available in PDF, EPUB and Kindle. Book excerpt: