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Death and Taxes

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Here's a bummer for more than a few of you out there. The NYT rains on the parade of hundreds of condo owners, reminding them that a lot of 421a tax abatements are running out. One guy we can't help but feel bad for is a buyer in the Orion who spends most of his time in California. His taxes are $374 now. By 2018? Almost $1,700. Yikes. He's trying to sell it off, but we can see why a buyer would be hesitant. [NYT]