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)
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“Property Taxes” returned 9 articles
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Citywide Property Taxes for Co-Ops and Condos Hit Record Highs in 2025
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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.
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Abatement to Be Tied to Prevailing Wages
Getting a tax abatement comes with a new condition.
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Co-op and Condo Rate Takes a Slight Dip
Despite a dip in tax rates, property taxes may not fall.
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Off Balance
What happens when market values go down, but property taxes go up?
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The Woman With the Iron Work Ethic
Pat Crawford knows that a co-op board’s work is never-ending.
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Property Tax Tussle
If reform finally comes, there will be winners and losers.
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Are We Facing a Financial Squeeze?
A perfect financial storm could hit co-ops and condos.
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Let’s Do the Math!
A property tax primer.
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