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Mamdani is out of touch with impact of real estate taxes to city coffers, REBNY report shows

Real estate industry-generated tax revenue rose to a record $39.6 billion in fiscal 2025, accounting for nearly 50% of locally generated tax revenue and up from the previous year’s $37 billion.

First seen · 6:18 PM UTCMay 17, 2026

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Mamdani is out of touch with impact of real estate taxes to city coffers, REBNY report showsReal estate industry-generated tax revenue rose to a record $39.6 billion in fiscal 2025, accounting for nearly 50% of locally generated tax revenue and up from the previous year’s $37 billion.
6:18 PM UTC

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