Manhattan homeowners pay lower taxes

Josh Barbanel of The New York Times used local tax and real estate data to show that “average taxes on Manhattan co-ops and condos are lower than they would be if they were taxed the way some of the most heavily taxed houses are. But it is prewar co-ops that have the greatest tax advantage.” The paper examined the sale of 68,000 Manhattan properties, comparing them to city tax files, according to the explainer.