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More New Yorkers have stopped paying their property taxes — a troubling trend since the onset of the pandemic that city officials attribute to the end of a tax-lien sales program that punishes delinquency.
Overdue property taxes are forecast to reach its highest level ever, jumping by over 30% to more than $880 million at the end of the fiscal year in June.
Who could New Yorkers thank for this, none other than Letitia James.
NYC’s Delinquent Property Taxes Soar Without Incentive to Pay
Overdue property taxes are forecast to reach its highest level ever, jumping by over 30% to more than $880 million at the end of the fiscal year in June.
Who could New Yorkers thank for this, none other than Letitia James.
NYC’s Delinquent Property Taxes Soar Without Incentive to Pay