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Benjamin M. Williams Benjamin M. Williams, member of Rosenberg & Estis P.C.

NEW YORK CITY—New York rewrote the residential rental rulebook in June 2019 to restrict rent increases. These new landlord-unfriendly laws will slow income growth without providing property tax breaks. Meanwhile, property taxes will keep increasing, albeit more slowly, and eventually normalize at 30% of gross income for many apartment buildings.

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