Tag Archives: reform

City sets up commission to propose real estate tax reform

Sometimes, clients ask me why the taxes on one townhouse are much higher than others or vice versa. The City tax system is a very difficult one to understand and few do. The City has appointed Vicki Been and Marc Shaw to co-chair this new commission. 10 public hearings will be held to solicit input from the public.

Commercial Observer coverage


The Author-  Brian Silvestry , a licensed real estate broker, has been selling residential and commercial real estate since 1999. He has sold in every neighborhood from Battery Park City to Washington Heights.

70% of New Yorkers say Tax reform has no or positive impact on home ownership plans

According to an Apartment List survey, 53% of those surveyed say that the new tax law will have no impact on their home ownership plans and 17% said it will impact them positively. Along party lines more Democrats feel that they are negatively impacted by the tax reform than Republicans. Also, 31% of Democrats surveyed in impacted counties said they will wait longer before purchasing.

Full survey results here