Small homeowner rebate could survive
September 23, 2008 08:22AM
After announcing the possibility of a 7 percent property tax hike as early as January 2009, Bloomberg has added that he would like to continue a $400-per-year tax rebate for small homeowners to soften the blow. The rebate, which costs the city $250 million per year in revenue and is scheduled to terminate with the tax hike, will require approval from Albany in order to be continued.
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Comments
Anonymous
Dumb move. Why spend the money on employees, stamps, paper etc to cut these checks? Just collect less money in the first place. There is no psychological boost to a homeowner who gets a $400 check in the mail, it only reminds us how much money we're wasting on property taxes.
Comment #1 Posted By: Anonymous 09/23/08