Example of Property Valuation
Corruption
Arrests of 18 current and former property assessors. The scheme is
estimated to have cost New York City approximately $40 million annually.
NYC Joint Task Force - Property Assessment
“ property valuation in New York City – a process that has been cloaked in
secrecy, plagued by subjectivity, bogged down by anachronistic work
practices, and layered with so much complexity that almost no one
understands how it works. This at least partly explains why bribery could go
undetected. “
NYC Joint Task Force Report
Corruption
Arrests of 18 current and former property assessors. The scheme is
estimated to have cost New York City approximately $40 million annually.
NYC Joint Task Force - Property Assessment
“ property valuation in New York City – a process that has been cloaked in
secrecy, plagued by subjectivity, bogged down by anachronistic work
practices, and layered with so much complexity that almost no one
understands how it works. This at least partly explains why bribery could go
undetected. “
NYC Joint Task Force Report
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