Based on the preliminary property tax assessments released by the Bloomberg administration, Gov. Cuomo's call for a tax cap might be gaining in popularity. Taxes are expected to rise by 7.5% for co-ops (an average increase of $384) and 9.6% for condos ($490) next year. In Manhattan, co-ops could go up an average of $594 to $9,351, and condos up by $970 to $11,348. Hey, someone has to pay for all those bike lanes. [WSJ]
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