REAL ESTATE TAX HIKES SMALLER THAN EXPECTED: CITY TAX OFFICIAL

By Bret Nolan Collazzi

Local residents might not be taxed out of the neighborhood, after all.

While many homeowners in the east Bronx were shocked to learn last month that their estimated property values have skyrocketed over the past year, state law already limits the degree to which their actual property taxes can jump, according to a city tax expert.