The 2025-2026 tax year saw average property taxes for co-ops and condos across all boroughs reach record levels, with co-ops in Brooklyn and Queens and condos in Staten Island seeing the biggest hikes, exceeding a 6% increase. (Print: Property Tax Assessments Hit An All-Time High)
HABITAT
“Property Taxes” returned 9 articles
Back to Archive-
ArticleTopicsColumn TypeIssue
-
Citywide Property Taxes for Co-Ops and Condos Hit Record Highs in 2025
-
Covering Your Taxes
Co-ops with underlying mortgages must share annual budgets with lenders. Property taxes, up to 50% of budgets, are challenging to predict. Tax certiorari lawyers contest assessments, reducing valuations. Finalized budgets consider settlements, keeping buildings healthy and appealing for residents, refinancing, and potential buyers.
-
Abatement to Be Tied to Prevailing Wages
Getting a tax abatement comes with a new condition.
-
Co-op and Condo Rate Takes a Slight Dip
Despite a dip in tax rates, property taxes may not fall.
-
Off Balance
What happens when market values go down, but property taxes go up?
-
The Woman With the Iron Work Ethic
Pat Crawford knows that a co-op board’s work is never-ending.
-
Property Tax Tussle
If reform finally comes, there will be winners and losers.
-
Are We Facing a Financial Squeeze?
A perfect financial storm could hit co-ops and condos.
-
Let’s Do the Math!
A property tax primer.
Ask the Experts
learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Subscribe
join nowGot elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!
