New York Sought WTC Back Taxes — An attempt by New York City to try to get $34.8 million in back property taxes for the Twin Towers and two nearby buildings was slapped down, Dec. 9, by Administrative Law Judge Marlene F. Scwhatz of the city’s Tax Appeals Tribunal.
The city claimed the property was subject to 3.9 percent commercial rent tax through 2005, when the state legislature ended the tax for all properties below Canal Street, and that despite the destruction of the buildings by terrorist on Sept. 11, 2001, “the airspace that had been surrounded by the buildings still existed.”
Property owner Larry Silverstein pointed out that the government seized control of the entire site in 2001.
New York Sought WTC Back Taxes
