Taxable real estate tax system is housing and land the characteristics of both are scarce .

房 地产税制的 课税 对象是房屋和土地，二者具有稀缺性的特点。

Put another way even if a home is worth $ 20 million its total taxable value to an estate would be considerably less once a person dies in 10 years ' time-again saving millions .

也就是说，即便房产价值2000万美元，只要人能活过10年， 遗产 的 应税总额会大大减少――依旧省下几百万美元。

The island 's taxable real estate is worth only $ 287 billion according to the New York City government .

根据纽约市政府的数据，曼哈顿岛房 地产 应税价值只有2870亿美元。