And you're buying up properties and driving up costs, you know, then you should be paying to help cover the cost of police services and you know, clearing the streets in the wintertime, et cetera. So we'll figure out the right formula. So It'll be market value at 5 million. So you start looking at units that are about assessed at 1 million. because there's dramatic under assessments in this city. So we have a path forward, we'll get it right. (03:04–03:10)
CLAIM
Asserts that the pied-à-terre tax will apply to properties assessed at around 1 million due to under-assessments.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
