Nothing is certain but death of tax abatements. The 421-a tax abatement ended in 2016, but the benefits of the expired program continue for many luxury condo unit-owners. Now, as the 10- to 25-year abatements phase out, the owners of those apartments are seeing staggering increases in their property taxes – just as the once-robust market for luxury condos is slowing, the New York Times reports. Double ouch. Read the article…………………………
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