Sky-High Property Taxes Give Renters the Shaft

Renters, beware! You are about to get shafted—thanks to property taxes.

The city’s Finance Department recently announced that New York’s property-market value shot up 19 percent since May 2006.

The city’s property is now valued at $802.4 billion, up from $674.1 billion at the end of fiscal year 2007.

Higher property values normally Read More