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REBNY: Real Estate is NYC’s Largest Revenue Source

Real estate-related taxes (RERT) collected in fiscal year 2025 across New York City totaled $39.6 billion, accounting for 49.4% of locally generated tax revenue, the Real Estate Board of New York (REB

NNN Triple Net Staff1 min read

Real estate-related taxes (RERT) collected in fiscal year 2025 across New York City totaled $39.6 billion, accounting for 49.4% of locally generated tax revenue, the Real Estate Board of New York (REBNY) reported. RERT has more than doubled since 2010 and represents the largest and most stable source of funding for the city, according to...

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