New York City’s Relentless Reassessments Raise Revenue—and Eyebrows

In its 2012-2013 tax roll assessment, New York City has once again reported major increases in property values. Bucking the national trend toward flat or downward value changes, the city in January found that overall market value had grown to more than $ 876 billion, up by more than $ 31 billion from last year’s record $ 845.4 billion.
National Real Estate Investor