In response to a ruling request from Holland & Knight, the New York City Department of Finance (DOF) issued a ruling (FLP-22-5024) holding that a homeless shelter owned and operated by a not-for-profit (NFP) entity is...more
Former New York City Mayor Bill de Blasio's Advisory Commission on Property Tax Reform (the Commission) issued a report on Dec. 28, 2021, titled "The Road to Reform: A Blueprint for Modernizing and Simplifying New York City's...more
1/18/2022
/ Advisory Committee ,
Fair Market Value ,
Homestead Exemption ,
Homesteads ,
Mayor de Blasio ,
Municipalities ,
Property Owners ,
Property Tax ,
Property Valuation ,
Residential Property Owners ,
Residential Real Estate Market ,
Tax Assessment ,
Tax Reform
The leasehold condominium structure has become a popular way for landlords and nonprofit entities to establish or modify their relationship to permit space that the nonprofit would formerly lease to qualify for a real...more