NYC Delinquent Property Taxes Approach $1 Billion After Expiration of Tax-Lien Punishment

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NYC Delinquent Property Taxes Approach $1 Billion After Expiration of Tax-Lien Punishment

NYC Delinquent Property Taxes Approach $1 Billion After Expiration of Tax-Lien Punishment While New York City embarks on a program to hand out some $53 million in prepaid debit cards to illegals, the city has estimated that overdue property taxes are set to reach their highest level ever, jumping 30% to over $880 million at the end of the fiscal year in June, vs. three years ago. City officials attribute this to the expiration of a tax-lien sale…