Higher assessments lead to higher taxes in minority-majority neighborhoods across the city. People of color constitute a minority of the population in the 15 community planning districts in which condos, co-ops and rental property are taxed at the lowest effective tax rates. By contrast, people of color constitute 72% of the 15 community planning districts in which those properties are taxed at the highest effective tax rates.
NUMBERS SHOW NYC’S BROKEN PROPERTY TAX SYSTEM IS HAMMERING MINORITY HOMEOWNERS
