Uploaded August 2026 | Updated September 2026, 2 weeks ago
A discussion about New York City property taxes raises questions about who is actually paying into the system, and who is using the services those taxes fund.
The conversation examines the difference between properties valued above $5 million and the much larger number of NYC units valued above $1 million. It then looks at second-home owners, including someone who lives in Florida but owns a penthouse in New York City, and whether they should pay the same property taxes when they may not regularly use local services like schools, police, and other city resources.
A discussion about New York City property taxes raises questions about who is actually paying into the system, and who is using the services those taxes fund.
The conversation examines the difference between properties valued above $5 million and the much larger number of NYC units valued above $1 million. It then looks at second-home owners, including someone who lives in Florida but owns a penthouse in New York City, and whether they should pay the same property taxes when they may not regularly use local services like schools, police, and other city resources.
