What's the City's Tax Take from Your Work?

A New York blog tallies the take from city real estate taxes this morning. 

The item says that real estate taxes, "together with real estate related taxes," will equal 22.6 billion in fiscal year 2014, and represent more than half of the total local taxes collected and nearly a third of the city’s total budget.

NYC Blog Estate/Manhattan Real Estate, which is written by Mitchell Hall, a Corcoran broker, has figures compiled from city tax records and the Real Estate Board of New York.

The item says that the tax totals consist of property, commercial rent, mortgage recording, transfer and hotel occupancy fees.

Hall's full report is at the link.

Source: Corcoran, Mitchell Hall, taxes
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