I don’t know how it works in NY, but wouldn’t you pay property tax on the property’s assessed value? So not only are there no victims, but the state gained tax revenue it was not entitled to take, according to the state’s persecution?
There’s two kind of assessments involved...One is the city...and that’s the actual value of the physical property. Then there’s a second value for the bank...income derived from tenants etc.. They both go to the bank to get a total value...It would be like me and you showing the bank your W-2...they want to get paid back. But still...there are no victims...the bank gets their loan money back plus interest..There are no victims.