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.”
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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…