Its annual property tax bill is around $12,000 about 0.2 percent of the home's overall worth.
Under the city's property tax system, lower-income homeowners and owners of big apartment buildings pay more relative to property value.
The decision from the state's highest court makes it likely that NYC will be forced to make changes to the property tax system.
But the court rejected some of the city's methods that have led to the unevenness in property tax rates.
Collection
[
|
...
]