Posted by Jonathan J. Miller -Thursday, March 15, 2012, 12:08 PM
I was looking through the NYC’s Fiscal Year 2013 Assessment roll to see how the city measured year-over-year changes in property values – of course its a function of revenue so assumed to be biased high but its interesting.
I zeroed in on the “market force” changes based on property types for the city and boroughs. The increase for all property types in NYC was +1.75% and the boroughs by rank were:
- Manhattan +3.71%
- Brooklyn +3.01%
- Bronx +2.4%
- Queens +0.68%
- Staten Island +0.23%