New Yorks Transit System in Red Because Of Real Estate Taxes???
Ah, what a tangled web our politicians weave with our tax money. How so you ask?
Think of this, the transit system in New York, the M.T.A., is facing a huge shortfall because real estate taxes have plummeted. So the buses and the trains will not run on time because New Yorkers did not sell enough real estate this year?
Tell me how this makes sense in anyones eyes but a politicians?
Real estate transaction taxes, which represent an important share of M.T.A. revenue, provided the authority with more than $1.4 billion in 2006 and nearly $1.6 billion in 2007. This year, the authority is on track to collect only $995 million in such taxes — about $50 million less than had been projected in July.
And the situation is expected to get even worse. The authority now expects to collect $895 million in real estate taxes next year, and $877 million in 2010. NYTimes.com.
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
Comment by Shawn on 12 November 2008:
I’m going to stop trying to think about this right now. I was actually getting a brain cramp trying to figure out what they were seeing, but forget it.
Thanks
Comment by Laguna Niguel Real Estate on 12 February 2009:
Real estate taxes are determined by taking the taxable value of the property.. which in NY is horrible!