New York Lost Tens Of Millions In Real Estate Tax Revenue During The Pandemic

New York Lost Tens Of Millions In Real Estate Tax Revenue During The Pandemic

REBNY President James Whelan called the loss of tax revenue “alarming.”

joSonwww.josonphoto.com

New York State lost $139 million in tax revenue generated by a combination of residential and commercial real estate sales between March and April of this year and $72 million last month compared to April of 2019, a new report from the Real Estate Board of New York has found.

The decreases…

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