State of New York City’s Housing and Neighborhoods in 2025
Focus
The Impact of Property Taxes on NYC's Multifamily Buildings
Property taxes are New York City’s largest source of local revenue. The city’s property tax system contributes to notable disparities in effective tax rates across property types. In our annual report, the NYU Furman Center examines the impact of property taxes on multifamily buildings and walks through how potential reforms of the system would impact the City’s rental properties.
Thank you to our sponsors
Morgan Stanley
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Team & Acknowledgements
- Vicki Been
- Ingrid Gould Ellen
- Katherine M. O’Regan
- Brad Greenburg
- Rohun Iyer
- Hayley Raetz
- Vicki Been
- Brad Greenburg
- Rohun Iyer
- Hayley Raetz
- Jacob Waggoner
- Mark A. Willis
- Henry Alonso
- Harrison Boyer
- Max Gordy
- Ava Klein
- Lucero Sanchez
- Brant Wesley
- Ryan Brenner
- Masaaki Kato
- Donna Borak
- Chloe Fauber-Lyle
- Kayla Merriweather
- Bethany O’Neill
Claudia Aiken
Henry Alonso
Saatvik Amravathi
Nate Barkow
Vicki Been
Adam Bernstein
Donna Borak
Harrison Boyer
Grace Brang
Ryan Brenner
Shantelle Brown
Giao Bunge
Nicole Burek
Nora Carrier
Eliza Cash
Raheem Chaudhry
Chloe Cowan
Cameron Ederle
Chloe Fauber-Lyle
Jeremy Faust
Agatha Fusco
Martha Galvez
Nicholas George
Max Gordy
Ingrid Gould Ellen
Brad Greenburg
Jacob Haas
Alisa Hartwell
Alex Heller
Kieran Heng
Sophia Hughes
Rohun Iyer
Syrhaiyah Jackson
Melody Jiang
Masaaki Kato
Helen Ketema
Tajrian Khan
Isabel Kirsch
Ava Klein
Donald Layton
Fabian Leal
Alicia Lee
Sharon Li
Ellie Lochhead
Kayla Merriweather
Aaron Miller
Suad Mumin
Bethany O’Neill
Kathy O’Regan
Sam Ozer-Staton
Sean Quitzau
Hayley Raetz
Kaushik Resu
Henry Rodgers
Lucero Sanchez
Diana Sánchez
Finlay Scanlon
Hannah Tager
Griffith Tai
Annabelle Tao
Kristen Tauber
New Tohsuwanwanich
Maximilian Ungert
Jacob Waggoner
Victoria Wang
Vincie Wang
Molly Wasow Park
Brant Wesley
Kyra Whitelaw
Mark A. Willis
Jess Wunsch
Zoe Yao
Claudia Zequeira
Shel Zhou
We are grateful for the New York City Council’s support of CoreData.nyc.
The NYU Furman Center would like to thank the following people, whose leadership, advice, and support are invaluable:
Linda G. Mills
President
New York University
Polly Trottenberg
Dean
Robert F. Wagner Graduate School of Public Service,
New York University
Troy McKenzie
Dean
New York University School of Law