New York has a crazy real estate tax system. Given the recent hit to sales of higher/priced real estate from other revisions, I question the likelihood of this being implemented.
[header from source] New York has a crazy real estate tax system. property taxes, long considered inequitable, could face a big overhaul under a plan from a mayoral commission.
— Read on www.nytimes.com/2020/01/30/nyregion/property-tax-reform-nyc.html
Abycats' Thoughts 