Thursday, January 19, 2012

Google Lifts Chelsea, So City Hikes Tax Bill

 Only two things are certain in this life "Death and Taxes".  I may need to move to the Big Apple - My home state of New Jersey kills its residents with taxes -- I'd love to pay 7k  in taxes.

A year ago, Google Inc. paid $1.8 billion for the massive brick building housing its Manhattan headquarters in Chelsea. Now it is getting a New York welcome: a notice from the city that the building's property tax bill is about to go up by 17%, the largest increase of any major New York office address this year.
The city's Department of Finance will mail tax-assessment notices to the owners of a million properties in the next few days. Despite a soft real-estate market, the notices will inform many owners across the city that their taxes are due to go up in July, when the new fiscal year starts.

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