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The Department of Buildings has released a new guide for large residential buildings to clarify how to calculate and report carbon emissions in order to comply with Local Law 97, and to explain how properties can challenge their Article 320 designation and request extensions for carbon emission reporting.

A coalition of over 300,000 co-op and condo owners have requested that late filing fees for Local Law 97 reports be waived through the end of the year and scaled back due to the high rate at which the fines are calculated and the lack of a reporting portal.

City Council passes new legislation allowing co-ops and condos to apply for tax breaks for major building renovations.

President resists an electric grid powered by renewable energy instead of fossil fuels.

The on-again, off-again law is beginning to resemble an elaborate pinball game.

Management companies use an array of strategies — and software — to comply with city laws.

Tax Equity Now New York wants city to recalculate its latest assessments.

The on-again, off-again law is back on, yet again.

Average taxes for NYC co-ops are up by 2.38% and for condos by 2.23%, with the window now open to challenge a unit's assessed value with the Tax Commission.

High interest rates and lack of listings will slow sales and boost values.

 

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