Developers With Hudson Yards and Times Square Properties Get Big Tax Breaks — and Then Seek Even More

Friday, April 11, 2025

Ken Fisher was quoted in a recent article for THE CITY discussing developers’ rights to appeal property tax assessments, even when receiving substantial tax incentives. “Hamstringing a developer from being able to have their property accurately assessed, to me, would be unfair and bad public policy,” Ken said, noting that it would be “unfair and bad public policy” to prevent developers from appealing their assessments and emphasized that city assessors don’t always get valuations right. The article examines how owners of major commercial properties in Hudson Yards and Times Square continue to challenge their property valuations despite benefiting from significant tax breaks.

Click here for the full article.

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