New York City collected $19 billion in property taxes for the year ending June 30, 2013. But it lost out on $4.98 billion more, thanks to exemptions granted to schools, houses of worships, hospitals, non-profit agencies — and luxury housing developments and office towers.
Here are top 10 property tax exemptions in New York this year, excluding property used for charitable purposes. Without exemptions, these buildings alone would pay $114.7 million annually to the city.
Source: New York City Department of Finance
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