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Quarter Of Property Value In New York Considered Tax Exempt

Kristine Bellino, WIBX

More than a quarter of real property value in New York is exempt from county, city and town property taxes.

That’s according to a new report from State Comptroller Thomas DiNapoli.

The report shows the total value of the tax exempt properties is $680 billion.

DiNapoli says the percentage of exempt property values range from less than 10% in several municipalities to more than 60% in others.

For a copy of the report, visit www.osc.state.ny.us

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