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Crunching Numbers

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Taxes: big apartment buildings pay a lot of 'em. NYU's Furman Center has just finished its first analysis of the city's property tax system, and it turns out the effective tax rate for apartment buildings is 4 percent, compared to 0.6 percent for one- to three-family properties. Apartment buildings make up 36 percent of NYC's total tax revenue. [Crain's]