Mamdani is out of touch with impact of real estate taxes to city coffers, REBNY report shows

Real estate industry-generated tax revenue rose to a record $39.6 billion in fiscal 2025, accounting for nearly 50% of locally generated tax revenue and up from the previous year’s $37 billion.

Black News Black News
May 17, 2026 - 19:20
Mamdani is out of touch with impact of real estate taxes to city coffers, REBNY report shows
Real estate industry-generated tax revenue rose to a record $39.6 billion in fiscal 2025, accounting for nearly 50% of locally generated tax revenue and up from the previous year’s $37 billion.
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